In the October 2020, PayPal has announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce. To stimulate sustained growth and innovation in this field, the company recently created a business unit focused on blockchain, crypto and digital currencies. Curv will join the newly formed group, with its strong team of technologists adding technical expertise to PayPal.
“Acquiring Curv is part of our effort to invest in talent and technology to achieve our vision for a more inclusive financial system,” he said. Jose Fernandez da Ponte, vice president and general manager, blockchain, crypto and digital currencies, PayPal. “During our conversations with the Curv team, we were impressed by their technical talent, entrepreneurship and the thinking behind the technology they have built in recent years. We are excited to welcome the Curv team to PayPal.”
Curv was founded in 2018 by the CEO Father Malinger and CTO And Yadlin.
“As a pioneer in digital asset security infrastructure, Curv is proud to be recognized as an innovator and trusted partner in top financial institutions around the world,” said Malinger. “Now, as the adoption of digital assets accelerates, we feel there is no better home than PayPal to continue our journey of innovation. We are excited to join PayPal in expanding the role these assets play in the global economy.”
PayPal expects to complete the acquisition in the first half of 2021. The financial terms of the transaction have not been disclosed.
About PayPal
PayPal has been at the forefront of the digital payments revolution for more than 20 years. Using technology to make financial services and commerce more convenient, accessible and secure, the PayPal platform empowers more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.
About Curv
Curv is a trusted global provider of digital asset security technology, which is delivered as a fully scalable, enterprise-wide and compatible cloud service. Curv’s multi-party computing (MPC) technology simultaneously provides institutions with protection, instant availability and full autonomy over the digital assets needed to thrive in the digital economy. For more information, visit curv.co.
Regarding the previous statements
This notice contains “forward-looking” statements within the meaning of applicable securities laws. The forward-looking statements and information relate to future events and future performance and reflect PayPal’s expectations regarding the impact of this transaction on PayPal and Curv’s business and at the time of closing the acquisition. Anticipatory statements can be identified by words such as “seek,” “believe,” “plan,” “estimate,” “anticipate,” expect, “design,” “predict,” or “intend,” and statements that an event or result “May”, “will”, “should”, “could” or “could” appear or be realized and any other similar expressions.
Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from statements made and, as a result, readers should not unduly rely on forward-looking statements and information. Factors that could cause or contribute to such differences include, but are not limited to, the timing and satisfaction of closing conditions in connection with the transaction, the possibility that the transaction will not close, the reaction to the transaction of Curv’s customers and business partners. , competitors’ reaction to the transaction, retention of Curv employees, PayPal plans for Curv, economic and political conditions in the global markets in which PayPal and Curv operate, future growth of PayPal and Curv businesses and the possibility that integration following the transaction may be more difficult than expected .
More information about these and other factors that could adversely affect the results of operations, the financial condition and prospects of PayPal or that may cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found at PayPal Holdings, Inc. . the most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other deposits with the Securities and Exchange Commission (“SEC”) and its future deposits with the SEC.
The forward-looking statements contained in this notice speak only as of the date hereof. PayPal expressly disclaims any obligation or obligation to disclose any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations thereon or any change in the events, conditions or circumstances on which such statement is based. statement.
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SOURCE PayPal Holdings, Inc.
Related links
http://www.paypal.com