TechFlow News, October 23 — According to people familiar with the matter, payments giant PayPal is seeking to acquire cryptocurrency firms including BitGo, a move that would expand its adoption of digital currencies. The sources said PayPal has been in talks with BitGo and could reach a deal within weeks. However, the negotiations may still fall through, and PayPal might instead opt to purchase other targets. Representatives for both BitGo and PayPal declined to comment. (Bloomberg)
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