According to a report from Bloomberg, PayPal is interested in acquiring cryptocurrency companies. BitGo, a digital asset custodian and prime broker was mentioned as a potential target based on unidentified sources.
The report states that the deal might be reached within weeks but could also flounder.
Given the cryptocurrency world is rife with false rumors, there’s a possibility the news is based on PayPal’s announcement this week that it was launching digital currency services with Paxos as custodian.
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