Paypal is moving strong into crypto space - next target Curv

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https://www.curv.co/

Hi,

today another news made my screen flashy, PayPal will acquire Curv, the crypto security start-up.

This is big news coming from the payment processor, after they let the gates open for BTC, they move now in the crypto technology field.

It might be an obvious next step, to buy a security firm, too secure the wallets as more people will jump in for crypto via PayPal.

I'm not going into technical details in here, only on the market situation.

This is a good news because mainly of the following topics:

  • mass acceptance is here
  • PayPal will probably start its own cryptocurrency which will aggregate with others, something like BNB for Binance is.

The first topic is more important in here, as PayPal is aware that cryptos are here to stay and this another validation where the things are moving.

We shall be prepared that PayPal will accept more cryptos as payment methods. I hope that they will soon allow crypto-crypto transfers, as at the moment they are only accumulating BTC. Direct crypto-crypto PayPal payments will let the market bloom. Also, they may find a solution to speed up the transfers via escrow accounts. Here I see their own coin coming in, for the speed of the transfer.

With this move, the PayPal stock might move higher than expected, so it is a definite long term buy for me. I'm not a financial analyst, and this are only my personal views.

How do you see PayPals move? What will it bring to the crypto world?

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3 comments
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PayPal is one of the few that realizes crypto is here to stay. Soon we'll hear from governments. Banks are already revealing their intention towards offering crypto services to their customers.

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This is all very exciting. It kind of reminds me of back in the day when Yahoo and Google were gobbling up all of these little start ups and adding their features to the overall user experience. It was genius on their part. Hopefully it pays off really well for PayPal.

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