PayPal Acquiring Cryptocurrency Security Company Curv
PayPal Holdings (NASDAQ: PYPL) is acquiring a new asset. The company announced Monday that it has agreed to purchase Curv, a privately held digital asset security specialist based in Israel. It did not disclose either the price or the terms of the deal, but did say it expects the transaction to close by the end of June.
Curv focuses on security solutions (delivered via cloud computing) for the blockchain, the digital technology that is at the root of cryptocurrencies. It was formed in 2018 by two veterans of both private and public sector cybersecurity organizations in Israel. Because of its geopolitical position, security is a priority in the country, with cybersecurity being a modern aspect of this concern. As a result, Israeli cybersecurity experts are considered to be among the best in the world.
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Source Fool.com
