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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Bitcoin surges after Paypal jumps into the cryptocurrency businessPaypal declared adding crypto was a significant milestone on the path to mainstream adoption of cryptocurrencies such as bitcoin. Bitcoin investors agreed: Prices rose 5% on the news Wednesday. HEY CNN...How the he'll does Russia have anything to do with a laptop that Hunter Biden dropped off and signed a receipt to pick up in 45 days ,but, did not pick up. WHAT DOES THIS HAVE TO DO WITH RUSSIA. CNN THE LEADER IN FAKE NEWS ...PERIOD
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