PayPal Holdings Inc. remains in talks with acquiring the crypto storage startup Curv, which assists business move and store digital currencies.
The talks are early and might still break down, according to an individual acquainted with the matter, who asked not to be determined going over internal considerations.
PayPal has actually been looking to broaden cryptocurrency offerings after the payments huge started supplying consumers the capability to purchase, sell-off, and hold specific digital currencies in its wallet. The company prepares to include those abilities in its Venmo wallet in the coming months.
New York-based Curv was founded in 2018. The company states its items are utilized by lots of consumers consisting of the investment firm Franklin Templeton.
PayPal shares slipped 0.5% to $272.22 at 12:31 p.m. in New York City after CoinDesk reported previously on the talks. Agents for Curv and PayPal declined to comment.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.