AP NEWS

BitGo Supports Dash: First Multi-Signature Wallet and Custodial Solution

October 5, 2018

PALO ALTO, Calif.--(BUSINESS WIRE)--Oct 5, 2018--BitGo, the market leader in institutional-grade cryptocurrency security, announced today that it has added Dash to its expanding list of currencies. BitGo is the first multi-signature wallet and custodial solution on the market today that supports Dash. BitGo now supports 85 coins and tokens as part of its quickly growing list of digital currencies.

Dash is a new money system 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.

BitGo’s user interface is multi-coin-friendly, allowing 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.

BitGo also recently announced BitGo Trust Company, the first qualified custodian purpose-built for digital assets. Clients can now have their Dash coins held by the only independent custodian that delivers the highest levels of both security and regulatory compliance.

“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.”

Ryan Taylor, CEO of Dash said, “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.”

About Dash:

Dash is the leading e-commerce and payments-focused digital currency, and the rising alternative to bitcoin. Experiencing significant growth since its beginnings in 2014, Dash is now accepted at more than 3,000+ merchants, including 1,450 in Venezuela, in addition to being accessible via 400+ ATMs and 90+ exchanges worldwide- making it one of the few offering safe, decentralized financial solutions to real world problems. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent easily and instantly online at merchants across the globe, at much lower fees than credit and debit cards. With over 60 members on the core team and a unique blockchain mining and treasury model, Dash is the only major self-funded, self-governed organization in the cryptocurrency industry. This allows for constant development and funding for the entire project.

About BitGo:

BitGo, Inc. is the market leader in institutional-grade cryptocurrency investment services providing security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has over $2 billion in assets in wallet, and a customer base that includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. For additional information, please visit www.BitGo.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005337/en/

CONTACT: For BitGo:

MarinPR

Michelle Marin

mjmarinpr@gmail.com

or

For Dash:

Wachsman

Amanda Woodward

amanda@wachsman.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE SECURITY PROFESSIONAL SERVICES FINANCE

SOURCE: BitGo, Inc.

Copyright Business Wire 2018.

PUB: 10/05/2018 11:15 AM/DISC: 10/05/2018 11:15 AM

http://www.businesswire.com/news/home/20181005005337/en

AP RADIO
Update hourly