Money After the integration of Bitcoin: Will PayPal take over Bitgo?
How Adelaide startup Good Thnx facilitated $1 million in charity donations, and built a Slack integration for speedy sales
Good Thnx just took part in Startmate’s 10th anniversary demo day. But, already, this business is racking up wins and hitting milestones.Founded back in 2015, Good Thnx allows users to send a ‘thnx’ of any dollar value, to be donated to a charity of the recipient’s choice.
Paypal is serious about entering the crypto world. The announcement of the integration of cryptocurrencies will now be followed by the takeover of Bitgo.
Paypal's integration of cryptocurrencies was apparently just the beginning of an entry into the crypto world. Astakeover in a few weeks , PayPal is interested in taking over crypto companies. Concretely, talks with the Bitcoin administrator Bitgo are to take place.
On Wednesday, PayPal first announced that it would accept Bitcoin, Bitcoin Cash, Litecoin and Ethereum as. That had given both PayPal stocks and Bitcoin price a boost.
The takeover of the Bitgo platform shows that PayPal has even bigger plans. The deal could be closed in weeks, reports Bloomberg.
A sum was not mentioned, but Bitgo earned 58.5 million dollars in 2018 with a valuation of 170 million dollars.
Neither Paypal nor Bitgo have commented on the reports.
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