PayPal is said to be in the process of purchasing Curv, a technology company that helps to securely store cryptocurrencies. One source said that Curv could be sold for up to $ 500 million in the PayPal deal.

PayPal turned its attention to Curv after talks to buy crypto exchange and custody firm BitGo failed last year. PayPal provided $ 750 million USD to BitGo. PayPal made some major acquisitions in the past such as Vemno, and now the payments giant wants to expand its position.

However, after the information Paypal was about to sign the deal with Curv. Information has been confused when many people think that Curv here is the cult project Curve Finance (CRV). Although both Paypal and Curv have not confirmed the deal publicly, Curve Finance (CRV) has corrected the information that this sale is not related to the project.

Whether this information bias will cause the price of Curve Finance (CRV) to increase by 25% in the past 24 hours, if indeed, this is an extremely rare and humorous incident in the history of crypto.

On the Curv side, the crypto storage technology company has raised over $ 30 million to date, including a $ 23 million funding round in July 2020.

PayPal also partnered with New York-managed Paxos to provide direct crypto purchases to millions of US users. PayPal is poised to double its crypto investments by 2021 and to expand crypto trading services in the UK in the near future.