PayPal has confirmed the agreement with the Israeli company Curv, which provides services for the purchase and sale of crypto currencies. The terms of the collaboration were not disclosed, however the electronic payment giant plans, as it is known, to accelerate and expand its initiatives in terms of crypto currencies and other digital currencies.
“The acquisition of Curv is part of our effort to invest in talent and technology to further personalise the financial system,” said Jose Fernandez da Ponte, PayPal’s vice president and general manager of blockchain and digital currencies. “During the conversations we had with Curv executives, we were impressed by their technical skills, talent, business acumen, but the philosophy behind the technology they are developing. We are excited to include Curv in our group companies “.
For his part, Curv co-founder and CEO said: “Now, as digital assets accelerate, we believe there is no better way for PayPal to continue to innovate.”
PayPal said it expects the acquisition deal to be completed in the first half of this year.