PayPal Holdings Inc. (PayPal) has recently agreed to acquire Israel-based cryptocurrency startup Curv. Subsequently, there was a 100% spike in influencer conversations around the global digital payments company on Twitter during second week of March, reveals GlobalData, a leading data and analytics company.
PayPal expects Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. The deal is likely to be completed in first half of 2021.
Smitarani Tripathy, Influencer Analyst at GlobalData, comments: “GlobalData’s PayPal Holdings Inc Influencer Platform reveals Crypto, Bitcoin, Fintech, #Digitalasset, #Blockchain as the most mentioned trends and hashtags among influencer discussions on PayPal during the period.”
Below are a few most popular influencer tweets captured by GlobalData Influencer platform:
- Preston Pysh, Product manager at IRCM:
“Paypal adding more IP to their competitive moat so they can be an even bigger player in the new financial system… which is being constructed right next to the old, slow, and lethargic system of the past.
PayPal to Acquire Curv”
- Jeff Roberts, Executive Editor at Decrypt.co:
“Breaking: @PayPal is indeed buying Curv. Key new details:
— Price is ~$200M
— PayPal has no plans to start a custody business
— Curv is part of PP’s bigger strategy to offer global blockchain transactions”
- Frank Chaparro, Director of News at The Block:
“JUST IN! PayPal buys digital asset security startup Curv, marking its first crypto industry acquisition”
- Paul R. La Monica, Digital Correspondent at CNN Business:
“PayPal going all in on crypto it seems. $PYPL buying digital asset security infrastructure firm Curv.”