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Cryptocurrency s Expansion Garners Institutional Attention FinancialBuzz.com News Commentary Share this article Share this article NEW YORK, March 9, 2021 /PRNewswire/ A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database. The database uses strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. The first decentralized cryptocurrency, bitcoin, was created in 2009. Now, the burgeoning popularity of cryptocurrencies has resulted in major financial institutions, like banks, paying attention to developments in the crypto market. In addition, fin-tech companies are now stepping into the arena. For example, PayPal, recently announced plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel. In October 2020, PayPal announced its commitment to help shape

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