PayPal In Talks To Buy Crypto Custody Firm Curv, Reports Say

PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, news outlet CoinDesk reported Tuesday, citing three sources familiar with the situation. From the report: Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer. "PayPal is buying Curv for $500 million," a source from within the digital asset custody space told CoinDesk on Monday. "From where I'm hearing it, I'm pretty sure it's true." Several people in the cryptocurrency space have said PayPal, which made an entrance to the crypto space last year, turned its attention to Curv after talks to buy crypto custody and trading firm BitGo fell through last year. PayPal offered $750 million in cash for BitGo, two sources familiar with the deal told CoinDesk. Bloomberg has corroborated the talks.

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