Sources say Paypal is acquiring a crypto custodian start-up for whopping $500 million!

Several sources have cited that Paypal is gearing-up to acquire cryptocurrency start-up Curv. Curv is a cryptocurrency custodian and storage provider that specializes in providing security solutions for cryptocurrency custody. Despite attempts made to keep the deal “a secret” between the two parties involved, the buzz of the hot deal has looped-in everyone’s interest in the Global tech and business world. Rumors have it that the acquisition may be valued up to to $500 million!

If the speculations are true, it would not be considered an unprecedented move by Paypal, as the market is aware that Paypal’s interest in crypto is only growing. Just last year PayPal added cryptocurrency to its payment network. Post-launch of this new service, PayPal users could make payments, and directly buy, sell and hold cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. A study published by Mizuho Securities revealed that 1/5th of Paypal users had some exposure to cryptos and 60% of Paypal users were interested in cryptocurrencies. So, it’s natural that Paypal is interested to acquire Curv in a whopping deal. After all the digital wallet provider would want to garner confidence for its cryptocurrency service. For the market, it would mean that Paypal is in the crypto industry for the long-haul and not just as a mere speculator.

As Paypal works on the acquisition deal to increase the usefulness of its digital payment service, XcelPay Wallet already offers a trusted and unhackable, cold wallet to store your cryptos. Explore and Invest in cryptocurrency using XcelPay Wallet- the most secure and multi-coin crypto payment solution to buy, sell and store your cryptos.