Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2020-10-23 12:26:57

Bitcoin custodian BitGo on the list as PayPal explores crypto buys - Bloomberg

Backed by Goldman Sachs and Galaxy Digital, among others, BitGo is a so-called Bitcoin custodian, i.e. helping customers safely store their holdings.According to Bloomberg, PayPal (PYPL) is in talks with BitGo as it looks into purchases of cryptocurrency companies. A deal may, or may not be reached in a matter of weeks.Bitco in 2018 raised $58.5M at a $170M valuation, according to PitchBook.PayPal's interest comes alongside its move this week allowing its customers to purchase cryptocurrencies like Bitcoin (BTC-USD), Ether (ETH-USD), Litecoin (LTC-USD), and Bitcoin Cash (BCH-USD).PayPal is up 0.8% premarket, and Bitcoin continues near multi-year highs, just shy of $13K.

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.