PayPal rumored to be eying acquisition of crypto custodian BitGo

International funds agency PayPal is seeking to purchase a crypto asset custody agency, with a report revealed by Bloomberg on Oct. 23 claiming the corporate is at the moment in talks with BitGo Inc.

Nameless sources cited within the report claimed that the 2 corporations could attain an settlement inside a matter of weeks. BitGo is a multi-signature custodian that was based in 2013. In 2018, the corporate raised $15 million in a spherical led by Goldman Sachs (NYSE:) and Galaxy Digital.

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