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PayPal to Buy Crypto Custody Firm Curv

PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, according to three sources familiar with the situation.

Bullish for payments usecase of crypto.

[https://www.coindesk.com/paypal-to-buy-crypto-custody-firm-curv-sources](https://www.coindesk.com/paypal-to-buy-crypto-custody-firm-curv-sources).



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4 Comments

  1. PayPal was huge for the online payment game back in the day! (They basically standardized large scaleretail payment systems rather than 3rd party John Doe’s credit card capture systems previously in place). I say: without Paypal helping pave the way for online purchases, eBay pry wouldn’t exist.

    Longer term, hopefully this will help with more generalized crypto payment adoption (I.e. you pay some retailer via PayPal using BTC, but PayPal pays the retailer directly using USD and they are acting as a payment proxy… still accepting multiple types of payment: BTC, ETH, ADA, heck even DOGE).

  2. Super Bullish. Most people know and trust Paypal, so they’ll grow to know and trust crypto by extension through Paypal.

    I’m against any service where you can’t send your crypto like Paypal or Robinhood, but at least it looks like Paypal is making a huge step here towards being able to transmit/receive crypto on their platform.

  3. What am I missing here? Why would anyone use this considering the main point of crypto was to be decentralized?

    Additionally how would PayPal make money with this, by charging people even more to use their crypto?

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