#CryptoCurrency / PayPal in Talks to Buy Crypto Firms Including BitGo

Goldman-backed startup helps investors store Bitcoin securely… PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private…

Palo Alto, California-based BitGo was founded in 2013… It offers digital wallets that require multiple signatures for transactions, as well as offline vaults for storing Bitcoin and rival currencies…

PayPal announced on Wednesday that its customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network… PayPal said it would partner with BitGo competitor Paxos Trust Company, a regulated provider of cryptocurrency products and services for its new service.

https://www.bloomberg.com/crypto?sref=zNmRQ0gk