PayPal Is Buying Cryptocurrency Secure-Storage Provider Curv, Report Says | 03.03.21 | finanzen.at

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03.03.2021 19:30:00

PayPal Is Buying Cryptocurrency Secure-Storage Provider Curv, Report Says

PayPal (NASDAQ: PYPL) is working on a deal to buy digital-asset security company Curv, according to a report from Israeli news site Calcalist (via CoinDesk). The company, which specializes in the custody and secure storage of cryptocurrency, is expected to fetch a price in the hundreds of millions of dollars, the report said. Curv describes itself as "a cloud-based wallet that gives you bulletproof protection, instant availability and total autonomy over all your digital assets, powered by revolutionary cryptography." The company solves a common blockchain problem of "private keys," or the authentication that proves ownership. If this key is lost or compromised, it becomes difficult (if not impossible) for users to gain access to their assets.Image source: Getty Images.Continue reading
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