您现在的位置是:PayPal to acquire Curv for $500M >>正文
PayPal to acquire Curv for $500M
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6人已围观
简介PayPal is reportedly set to acquire cryptocurrency custody firm Curv as it looks to expand its crypt...
PayPal is reportedly set to acquire cryptocurrency custody firm Curv as it looks to expand its crypto operations
Electronics payment giant PayPal is said to be in the process of acquiring Curv, a technology firm that allows people to store cryptocurrencies securely. The payment giant ventured into the cryptocurrency market last year and is looking to expand its operations.
Israeli news outlet Calcalist reported yesterday that Curv would be sold for between $200 million and $300 million. However, the report didn’t name the buyer. Three sources familiar with the situation told CoinDesk that PayPal is the unidentified buyer of Curv.
Although Calcalist reported that Curv was up for sale for roughly $200—$300 million, one of the sources quoted a higher figure and said PayPal was buying Curv for $500 million. The source was sure that the deal was real and would be announced soon.
PayPal has been one of the leading e-money service providers in the world. The firm began offering cryptocurrency services to its clients last year and has already garnered a huge following in the sector.
According to some people, PayPal turned its attention to Curv after its talks with crypto custody and trading firm BitGo fell through in 2020. The payment giant was willing to acquire BitGo for $750 million, but the deal didn’t materialise, the sources added.
PayPal has been expanding its services in the financial space over the past few years. Perhaps the easiest way to expand services is by acquiring companies that are already offering the service you intend to offer. PayPal’s acquisition of Venmo has been positive for the company, and it intends to make similar moves in the cryptocurrency space.
The payment firm partnered with New York-regulated Paxos to allow its customers in the United States to buy cryptocurrencies directly. PayPal is now getting ready to provide similar services to its UK users.
The company is benefiting from its entry into the crypto space so far. According to its Q4 2020 earnings report, PayPal recorded an 11.8% increase in transaction revenue quarter over quarter. PayPal added that customers purchasing cryptocurrencies via its platform are logging into their accounts twice as much as they were before the crypto services were available.
The consensus is that the entry of corporate entities like PayPal, Square, Tesla, MicroStrategy and others into the cryptocurrency market has helped push the prices of BTC and others higher in recent months.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/694343.html
相关文章
As Dogecoin miners exit, investors turn to InQubeta
PayPal to acquire Curv for $500MThe popularity of the leading meme coin Dogecoin took a strong hit between August and October after...
阅读更多
AI trained on voluminous trading data could give investment advice
PayPal to acquire Curv for $500MBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Tiger Bro...
阅读更多
UK plans to launch 'knitted satellite' to observe Earth next year
PayPal to acquire Curv for $500MBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Satellite...
阅读更多
热门文章
- Peregrine Moon Lander heading for fiery re
- ALE Co.'s Sky Canvas brings meteor showers to your backyard
- French hospital trials 'socially assistive' robots to help the elderly
- Axiom Space's 'space program in a box' opens space up to the whole world
- Infinix's AirCharge wows in the charging tech realm
- Princeton researchers help a bot tidy up using large language model
最新文章
Axiom Space's 'space program in a box' opens space up to the whole world
ChatGPT gets a new lease of life in Italy after ban, states Sam Altman
Binance to list Memecoin (MEME): Will this spark Memeinator (MMTR)?
Bitget becomes one of the first exchanges to list Celestia (TIA)
Roblox expands in
SpaceX's Starship launch spread potentially harmful debris far and wide