Technology, Business

October 23, 2020

PayPal poised to purchase existing cryptocurrency firms

Source: Pixabay (Mohamed Hassan) 
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The Gist

PayPal is in the talks to buy BitGo, one of the largest cryptocurrency custodians. 

The List

  • The comes shortly after PayPal announced they would be supporting cryptocurrencies starting early 2021. 
  • BitGo is one of the first cryptocurrency custodians to be fully regulated in the United States. 
  • It provides asset security to dozens of companies inside and outside of the cryptocurrency space. 
  • PayPal may also be considering to acquisition of other companies in the cryptocurrency space to help bolster its upcoming cryptocurrency services. 

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