PayPal explores crypto takeovers including Goldman-backed startup BitGo, report says | Currency News | Financial and Business News | Markets Insider

The US online payments company has been in discussions with BitGo - a custodian of digital assets. But any potential deal could still fall apart as PayPal may look at other targets, the news agency said, citing sources.BitGo raised about $58 million in venture capital funding in 2018, according to. If a deal is finalized, the amount that PayPal would pay for the startup is unknown at this stage.

The startup offers multisignature cryptocurrency wallets, meaning that transactions require two or more signatures before they can be executed. Its investors include Goldman Sachs, Galaxy Digital Ventures, Valor Equity Partners, Redpoint Ventures, DRW, Digital Currency Group, and Founders Fund.

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