PayPal could not agree with BitGo to buy a crypto custody service

PayPal Considers New Options For Acquiring Cryptocurrency Storage Platform As Negotiations With BitGo Fail.

According to Fortune, the payments giant has resumed its search for possible custody services to buy. According to the sources of the publication, the companies could not agree on the terms..

BitGo CEO Mike Belshe did not comment clearly on this, saying that negotiations are underway with all potential buyers, but the company will not agree to small offers..

PayPal could not agree with BitGo to buy a crypto custody service

Currently, the custodian service supports over 300 digital assets and  stores cryptocurrency for more than $ 16 billion.

So far, PayPal is supplying cryptocurrency for its new service through the Paxos brokerage solution..

PayPal could not agree with BitGo to buy a crypto custody service

text: Ivan Malichenko, photo: Getty Images

PayPal could not agree with BitGo to buy a crypto custody service

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