PayPal (PYPL) Boosts Cryptocurrency Initiatives With Curv Buyout

PayPal (PYPL) Boosts Cryptocurrency Initiatives With Curv Buyout

PayPal PYPL is leaving no stone unturned to bolster its presence in the cryptocurrency market.

This is evident from its latest announcement regarding the Curv buyout. PayPal has agreed to acquire Curv, which is a Tel Aviv-based digital asset security technology provider, in a bid to bolster its cryptocurrency efforts.

Notably, the underlined buyout is expected to be completed by the first half of 2021. Post-acquisition, Curve will join PayPal’s newly created business unit dedicated to blockchain, cryptocurrency and digital currencies.

The latest move ups PayPal’s ante against its strong contender — Square SQ — which is also putting strong efforts to expand its footprint in the…

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