BitGo becomes first multi-signature wallet and custodial solution to support Dash
Mon, 08 Oct 2018, 03:26 am UTC
Cryptocurrency startup BitGo has added Dash to its expanding list of currencies, becoming the first multi-signature wallet and custodial solution that supports Dash.
BitGo now supports 85 coins and tokens as part of its quickly growing list of digital currencies. The announcement follows the launch of BitGo Trust Company, the first qualified custodian purpose-built for digital assets.
“BitGo’s integration with Dash provides this new currency model with an infrastructure to attract institutional investment and provide the highest level of security available on the market today,” said Ben Chan, Chief Technology Officer of BitGo. “Institutional customers will be able to enjoy high security storage and also take advantage of InstantSend on this asset.”
Dash is a leading e-commerce and payments-focused digital currency that allows users to make instant payments online or in-store using a secure open-source platform hosted by thousands of users around the world. The digital currency is currently accepted at more than 3,000 merchants, including 1,450 in Venezuela, in addition to being accessible via 400+ ATMs and 90+ exchanges worldwide.
BitGo’s multi-coin-friendly user interface will allow users to easily create wallets for Dash and other currencies and view their combined holdings in one place with a total $USD value. Clients can also move between their respective wallets, viewing their assets, and full transaction history. Dash and other coins and tokens are easily integrated on the BitGo platform using a single API with no additional coding required.
“There are many benefits of integrating Dash into BitGo’s industry-leading services. First, it introduces a comprehensive custodial solution to the Dash network. BitGo will also be the first to provide an enterprise-class multi-signature wallet, which will enable institutions to safely leverage Dash at scale as part of their operations. Because so many large cryptocurrency exchanges rely on BitGo as part of their security, this integration will enable Dash to partner with many new exchanges and make supporting Dash easier for some of our existing partners. Finally, BitGo gains a new capability with Dash in the form of instant transactions, which we think many of their clients - especially exchanges - will value greatly,” Ryan Taylor, CEO of Dash said.
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