PayPal To Acquire Curv
Digital payment company PayPal Holdings, Inc. (NASDAQ: PYPL) is to acquire Curv, a provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. To drive growth and innovation in this area, the company recently created a business unit focused on blockchain, crypto and digital currencies. Curv will join the newly formed group, with its team of technologists adding technical expertise to PayPal. The unit is led by Jose Fernandez da Ponte, vice president and general manager, blockchain, crypto and digital currencies. The PayPal platform is currently used by more than 375 million consumers and merchants in more than 200 markets.