PayPal is reportedly in talks to buy out crypto storage and transfer company Curv, according to a report by Bloomberg.
The media company said that a person familiar with the matter suggested that talks are in the early stages and could still collapse.
Last month the online payments company’s chief executive said that it could facilitate the distribution of central bank digital currencies (CBDCs.)
Dan Shulman described how PayPal’s digital wallets could be used to distribute the digital currencies at the company’s recent investor day, coindesk reported.
“You think about how many [digital wallets] we’re going to have in the next two, three or five years, and we’re a perfect complement to central banks and governments to distribute those digitised forms of currency,” said Shulman, according to the cryptocurrency news website.
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