Headquartered in San Jose, California, PayPal operates within the worldwide online payments system that supports online money transfers and services. PayPal owns Venmo, a mobile peer-to-peer payment service. PayPal announced that it would open its platform to cryptocurrency transactions in October 2020. PayPal acquired Curv, which focuses on digital asset security infrastructure, in March of 2021. PayPal is also partnering with Blockchain Capital's venture fund to invest $300M in blockchain and cryptocurrency companies in 2021.