Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » PayPal Rumored to Buy BitGo Days After Launching Bitcoin Services

PayPal Rumored to Buy BitGo Days After Launching Bitcoin Services

by

PayPal rumored to be looking for crypto companies to buy, including BitGo.

PayPal Rumored to Buy BitGo Days After Launching Bitcoin Services

Share this article

Just two days after announcing support for top cryptocurrencies, PayPal is now rumored to acquire crypto custodian BitGo.

PayPal to Buy BitGo For Undisclosed Amount

According to Bloomberg, the Bitcoin custodian is just one of several crypto-centric companies the payments platform is looking to acquire. 

Those familiar with the ongoing negotiations have reported that the deal is far from concluded, however. 

BitGo is one of the crypto industry’s first institutional-focused platforms, offering clients customized custodial services for their Bitcoin. The interest is not unfounded, as PayPal will also need a premium custodian service to support its latest crypto features.

BitGo currently serves various major cryptocurrency companies, including Binance, Coinbase, Nexo, and more. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.