Bitcoin security startup BitGo adds support for Zcash

Multi-sig bitcoin wallet provider BitGo has announced that it has added support for Zcash on its platform.

Earlier in April, BitGo announced support for Ethereum-based ERC20 tokens. The company last week added 57 ERC 20 tokens, and expects the number to grow to over 100 by the end of 2018.

Currently among the top 20 cryptocurrencies, ZCash (ZEC) is a decentralized and open-source cryptocurrency that provides strong privacy protections. ZEC/USD is currently trading at 227 levels at the time of writing.

Brad Miller, Zcash engineer and ecosystem lead, said that BitGo’s exceptional standards, institutional grade, multi-signature security and custody services will allow investors to seamlessly send and receive Zcash in a safe and secure way.

“Our mission is to offer our institutional clients the most complete portfolio of digital currency investment services, which includes the largest and most diverse basket of coins and tokens to help them hedge the market and get better returns,” said Ben Chan, Chief Technology Officer of BitGo. “As one of the world’s most valuable and technologically demanding digital currencies, Zcash is an important new asset for our institutional investors.”