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PayPal in Talks to Buy Crypto Firms Including BitGo

  • Goldman-backed startup helps investors store Bitcoin securely
  • No deal is finalized and talks could still fall apart
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Novogratz: Bitcoin Won't Be Used as Currency in Next 5 Years

PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.

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. Talks could still fall apart and PayPal could opt to buy other targets, the people added.