PayPal announces plans to acquire Curv, a crypto security firm

PayPal announces plans to acquire Curv, a crypto security firm
фото показано с : invezz.com

2021-3-10 01:36

PayPal is gearing up to purchase Curv, a Tel Aviv-based provider of cloud-based infrastructure for digital asset security. The payments giant unveiled this news through a press release on March 8, noting that it seeks to expand its efforts to support cryptocurrencies and digital currencies through this acquisition. Reportedly, Curv will join PayPal’s newly-developed business unit, which focuses on the blockchain, crypto, and digital currencies once the deal is complete.

Commenting on this move, the vice president, and general manager of PayPal’s blockchain, crypto, and digital currencies business unit, Jose Fernandez de Ponte, said,

The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system.

Explaining why PayPal chose Curv out of all crypto security firms, Ponte said that Curv’s team had outstanding traits, such as technical talent, entrepreneurial spirit, and the intellectual capabilities that saw the team develop the technology that backs its operations.

Per the press release, PayPal intends to complete this acquisition in the first half of this year. However, the firm did not reveal the financial terms of the agreement.

Forging strategic partnerships to boost crypto adoption

Founded by Itay Malinger and Dan Yadlin in 2018, Curv is famous for providing digital asset security technology in the form of a fully scalable, enterprise-grade, and compliant cloud service. Through its multi-party computation (MPC) technology, the company offers institutions protection, instant availability, and complete autonomy over digital assets simultaneously. In so doing, Curv helps corporate companies succeed in the digital economy.

This news comes after PayPal embraced crypto in October last year. At the time, the service was limited to select clients in the US. Since then, the company has expanded the offering to include all US citizens with valid accounts. In these continued expansion efforts, the company disclosed that it aims to avail its crypto offering in the UK over the next few months.

The post PayPal announces plans to acquire Curv, a crypto security firm appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SherLOCK Security (LOCK) на Currencies.ru

$ 0.1387 (+1.71%)
Объем 24H $13
Изменеия 24h: 10.06 %, 7d: -33.06 %
Cегодня L: $0.1387 - H: $0.1387
Капитализация $0 Rank 3458
Доступно / Всего 0 LOCK / 4.969m LOCK

security digital curv through paypal march noting

security digital → Результатов: 126


Nexinter ICO

Nexthash launches the world’s first IEO-backed by its EU regulated exchange Nexinter to enable private sale participation of Digital Security Offering (DSO) by any customers. By buying NIXT tokens, any holder will be able to purchase security tokens under the same conditions as professional investors and secure current and future benefits of being among the first to join.

2019-10-9 23:33


Universal, Multi Token Wallet Announced by Midas Protocol – Integrates IDEX and Kyber Network

Like any currency, cryptos need a place to be stored by people. As the technical equivalent of fiat personal storage, these digital and hardware storages are aptly called e-wallets. With a large number of wallets for cryptocurrencies in the market, the selection process for users relies on the level of security, ease of access and use case.

2019-3-25 09:29


Tokeny Partners with Archax for Security Token Trading

Coinspeaker Tokeny Partners with Archax for Security Token TradingTokeny, the compliant tokenization platform delivering institutional grade solutions in the issuance, lifecycle management and secondary trading of digital securities, today announced their partnership with Archax, the forthcoming institutional tokenized securities exchange based in London.

2019-3-22 10:28


VanEck Digital Asset Director Disagrees with SEC Director Over Decentralization and Securities Correlation

The US Securities and Exchange Commission (SEC) has been working towards helpful regulation of the crypto industry, tackling everything from ICOs to the definition of a security. This week, Chairman Jay Clayton supported an analysis from another employee of the SEC that Ethereum and related tokens may not be considered securities. However, the panelists at […]

2019-3-13 22:47


Фото:

New York Startup Raises $6.5 Million to Store Crypto For Institutions: Clear Rise in Demand

A New York-headquartered cryptography pioneer has raised $6. 5 million in order to create a new institutional standard for crypto asset security. In an industry first, the firm has unveiled an Institutional Digital Asset Wallet Service aimed at the bigger financial players that need more security and autonomy over their crypto assets.

2019-2-27 12:00


Ripple Earns Coinbase Listing, At Last. Does it Prove XRP is Not a Security?

For years, supporters of the Ripple blockchain network and its native cryptocurrency XRP have anticipated the listing of the asset on Coinbase, the largest digital asset exchange in the U. S. Many investors have believed that the integration of XRP by Coinbase could be considered as a confirmation of regulatory clearance on the nature of the digital asset as a nonsecurity.

2019-2-26 16:20