PayPal to acquire Israeli company to accelerate cryptocurrency ventures

PayPal to acquire Israeli company to accelerate cryptocurrency ventures

Digital payments company PayPal Holdings Inc. announced that it will be acquiring Tel Aviv-based digital asset security technology company Curv.PayPal intends to leverage the acquisition to expand upon its current cryptocurrency and digital asset initiatives, using Curv’s cloud-based infrastructure for digital asset security.PayPal said in October it will allow US customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.PayPal’s acquisition comes amid a bitcoin frenzy after Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon…

Read More from www.jpost.com

The best source of news - newszf.com
Logo
Compare items
  • Total (0)
Compare
0