Gigant Paypall made an announcement that it will will buy Israeli firm Curve that has an app wich tranzacts cryptocurrency. The payments giant said it plans to use its new purchase to “accelerate and expand its initiatives to support cryptocurrencies and digital assets.”
“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,” said Jose Fernandez da Ponte, PayPal’s vice president and general manager of blockchain.
Curv previously rebuffed an offer to be acquired by Facebook’s crypto arm, Novi, according to a source with knowledge of that deal. It is partnered with some notable crypto firms focused on Europe such as eToro and FalconX, suggesting PayPal is serious about spreading its crypto footprint outside the U.S.
