Paypal to acquire cryptocurrency security startup
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Paypal to cryptocurrency security startup

PayPal in talks to acquire cryptocurrency security company Curv in a nine-digit deal

Scam crypto investment apps, hackers spoofing popular brands to phish victims, and preventing CEO impersonation scams. All these and more in this week’s edition of Cybersecurity Weekly. Paypal to acquire cryptocurrency startup We’ll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads? Learn more and manage your cookies

Paypal to acquire cryptocurrency security startup

For example, Stacks developers can create decentralized exchanges, lending platforms, non-fungible tokens (NFTs), and stablecoins on top of Bitcoin. All of these have the potential to revolutionize the financial industry, but were previously limited to blockchains such as Ethereum. Today, the DeFi economy is valued at $45 billion -- and thanks to the advent of Stacks, Bitcoin can finally tap into this lucrative industry. Texas-based energy drink startup G.O.A.T Fuel raises USD 5 million in... Sure, Bitcoin may someday trade as frequently and easily as dollars, euros, and yen. Ivory Tower might get useful marketing value from being ahead of the curve and solidifying its reputation as a forward-looking innovator. However, given the complexities surrounding Bitcoin, I think there are more-effective ways to gain competitive advantage.

Paypal to acquire cryptocurrency startup

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No, everything you need is built into your PayPal account. Once you agree to the crypto terms and conditions, we’ll make sure your account info is up to date and then you’ll be able to buy and sell crypto. LATEST STORIES Founded in 2018, Curv provides companies with digital asset security technology that's delivered as a cloud service. PayPal said the deal will help "accelerate and expand" its support of cryptocurrencies and digital assets.

To acquire cryptocurrency security

The integration could also ease concerns that some players have about PayPal serving as a middleman when dealing in crypto. PayPal likely to acquire crypto storage startup Curv “The acquisition of Curv is part of our effort to invest in the talent and technology to realise our vision for a more inclusive financial system,” said Jose Fernandez da Ponte. He is the vice president and general manager, blockchain, crypto and digital currencies, of PayPal. PayPal is also looking to tap Curv’s technical talent, entrepreneurial spirit and the crypto technology.