Dash Support Added To US Based Crypto Wallet And Security Firm, Bitgo
The number of increasing digital currencies listed on the institutional-grade cryptocurrency security and wallet company, BitGo has been upped with the addition of Dash support.
While addition makes BitGo the first multi-signature wallet and custodial solution which supports Dash in the present market, Dash was recorded the 85th among coins and tokens added to the platform.
The BitGo’s user interface which is being regarded as multi-coin friendly allows users to navigate within the platform, creating wallets for Dash and other currencies.
The simplified platform that allows users to view all their assets, move assets between wallets, also grant the ability to combined all currency holdings in a place, totaling them in $USD. Also, the entire transaction history can be viewed by the user.
Without using any additional code, the coins and tokens added to the platform are easily integrated with the use of a single API.
Acknowledging the update, the Chief Technology Officer at BitGo, Ben Cha said the integration of BitGo with Dash provides a new currency model with the topmost level of security present in the market today, and an infrastructure that entices institutional investment.
Institutional customers will be able to enjoy high-security storage and also take advantage of InstantSend on this asset,” Ben said.
The CEO of Dash, Ryan Taylor, in his own statement said the two companies will derive benefit from the latest development.
While BitGo will become the first company to issue out an enterprise-class multi-signature wallet that allows institutions to securely benefit from the usage of Dash as part of their operation, Dash will also profit from the industry-leading services of BitGo by adding a comprehensive custodial solution to its network.
“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 stated.
After the announcement that the South Dakota Division of Banking approved BitGo as a public South Dakota Trust Company, BitGo Trust Company became the first competent custodian purpose-built for digital assets storing.
This allows clients to hold their Dash assets independently, with high level of security and regulatory compliance.