Bloomberg: PayPal is in talks to acquire more crypto companies, including BitGo.

According to Bloomberg News, people familiar with the matter reported that PayPal is in talks to acquire several crypto-digital currency companies, including BitGo, and hopes to reach a deal with BitGo next week.

"The conversation could still be interrupted and PayPal could choose another target to buy," said the official aware of the problem.

BitGo is a crypto storage company BitGo raised $ 58.5 million in 2018, valued at $ 170 million, according to data from PitchBook. Well-known companies such as Red Point Ventures, Goldman Sachs and Digital Currency Group have joined the investment.

Founded in 2013 by CEO Mike Belhe, California-based Palo Alto has digital wallets that require multiple signature transactions and offline vaults to store Bitcoin and other funds.

According to the website, the company is one of the first to focus on companies in the industry.

The company filed with the New York Regulatory Authority in August to become an independent, regulated and qualified entity under the New York State Banking Act.

According to a recent statement from "Global", PayPal announced on Wednesday that consumers can buy, sell and hold cryptocurrencies, including Bitcoin, Ether, Bitcoin Cash and Litecoin, in their digital wallets and use virtual currency in the network. . .

According to the news, Bitcoin crossed the $ 13,000 mark for the first time since July 2019.

PayPal said it would work with rival Paxos Trust Company of BitGo, a product and service management provider.

Les investisseurs de BitGo incluent Goldman Sachs, Handicrafts, Digital Profits Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners et Founders Fund.