Shoring up rumors last week on the subject, PayPal on Monday formally announced that it has agreed to acquire Curv, a Tel Aviv-based security infrastructure firm that specializes in digital assets. Curv will join a newly formed PayPal business unit that was created to focus on blockchain, crypto and digital currencies.
Financial terms of the deal were not disclosed although when rumors first broke of the acquisition last week, sources told CoinDesk that the purchase price could be anywhere between $200 million and $300 million although one person put the figure as high as $500 million.
