PayPal Continues Issuing Crypto Money: Talks With Crypto Money Companies!
It turned out that PayPal, which announced its cryptocurrency buying and selling service yesterday, is now negotiating purchases with cryptocurrency companies. According to Bloomberg’s report, payment giant PayPal is in talks with cryptocurrency companies for purchases.
It is stated that PayPal has been in talks with BitGo, which has been operating in the crypto money industry for many years, and it is stated that the negotiations have not yet been concluded and PayPal may be interested in other companies by giving up this purchase.
While BitGo refrains from commenting on the talks, PayPal told The Block, “We cannot comment on rumors or speculation.” expressions were used.
One of the Notable Companies of the Sector
BitGo can be a valuable buy for PayPal, as it has been operating in the cryptocurrency industry for years.
Founded in 2011, the company provides services such as crypto money lending and trading, as well as custody services. Among the investors of BitGo are Founders Fund founded by PayPal’s co-founder, famous investor Michael Novogratz, US banking giant Goldman Sachs and Digital Currency Group, one of the largest investment companies in the cryptocurrency space.