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2021-03-02 16:23:45

PayPal stock pares drop after reports on Curv crypto storage deal

PayPal Holdings ([[PYPL]] -0.7%) briefly pulled into the green after reports that the fintech may be buying Curv, a tech firm that provides secure storage of crypto, for as much as $500M.Three sources familiar with the situation told CoinDesk that PayPal is in the process of buying Curv, but the source speaking about the $500M price is only described as someone "within the digital asset custody space."On Calcalist reports that Curv is being sold for $200M-$300M.Earlier in the session, before the reports, PayPal shares fell as much as 1.7%.

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