PayPal Holdings Inc (NASDAQ: PYPL) is in talks with digital asset custodian BitGo for an acquisition deal, according to Bloomberg.What Happened: A deal could be reached within weeks but discussions are still in the early stages, people familiar with the matter told Bloomberg. PayPal might consider other potential targets if the negotiations fall apart.BitGo, a California-based digital assets custodian, offers multi-signature wallet services. Multiple signatures generated from unique private keys are needed for routing transactions through such wallets.The terms of the deal are unknown. BitGo was last valued at $170 million in a 2018 funding round, according to Pitchbook data …read more
Source:: Yahoo Finance
