Bitcoin Trading Platform BitQuick Integrates BitGo Instant
Thursday, BitQuick.co, a peer-to-peer Bitcoin trading platform which processes around US$1.4 million worth of bitcoin transactions every month, announced the integration of BitGo Instant. The company aims at securing zero-confirmation payments that will improve user experience and overall security of the trading platform. Instant Mechanism to accept Bitcoin. Using BitGo’s prominent multi-signature technology, the company ensures protection against double spending. The service fee for BitGo Instant is free of charge for transactions that are less than 1 BTC. For payments that are worth more....
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Peer-to-peer Bitcoin trading platform, BitQuick, has announced its integration of Pay to Script Hash (P2SH) multi-sig addresses through BitGo. This makes BitQuick the first major marketplace to implement multi-sig technology. BitGo, which launched the first ever multi-sig Bitcoin wallet back in 2013, provides its clients with three keys. Two of the keys, the user key-pair and the backup-key pair, are held by BitQuick, and one key is held by BitGo. The backup-key pair is stored in a secure offline location and can be used for fund recovery in the case of a BitGo service failure. In order to....
BitGo Inc., a multi-signature security company, announced the release of its newest product, BitGo Instant, which removes transaction delays completely. Along with its announcement of BitGo Instant, the company has also announced its launch partners for instant transactions. “At the beginning of this week, we had six partners. At the end, we had 10. It’s not all exchanges,” Ben Davenport, CTO of BitGo, told Bitcoin Magazine . “We have a few consumer-facing apps like Fold App. All of these guys are signed up to receive BitGo transactions. Anyone with a BitGo wallet will be able to send to....
E-Coin card users can now send bitcoin and instantly load their cards rather than having to wait for three confirmations, thanks to BitGo Instant, which provides immediate settlement of bitcoin transactions. E-Coin, a wallet which provides both physical and virtual bitcoin debit cards, now allows users to send bitcoin from within the BitGo Instant network which includes 11 companies with more on the way. If a transaction is not confirmed on the blockchain, the service guarantees recipients compensation via a claim fulfilled by BitGo, a multi-signature bitcoin wallet which pioneered the....
PALO ALTO, CA — Today, BitGo announced the launch of its new service, BitGo Instant. BitGo claimed that this service is “the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee. Along with the announcement of its launch, BitGo reported that it has a “strong list of initial partners,” to recognize the zero-confirmation transactions. These partners include, Bitfinex, Bitstamp, CoinHako, FoldApp, Genesis Trading, Kraken, ShapeShift and Unocoin. BitGo Instant with a multi-signature wallet implementation. BitGo Instant wallets consist of 3 keys:....
Wirex, a bitcoin debit card provider, sent an email to customers today advising them to avoid making transactions on the Wirex platform until it could confirm from that BitGo services have been resumed. The message included a BitGo tweet advising users it was under a distributed denial of service (DDoS) attack. BitGo is a wallet and a security platform for bitcoin and blockchain technologies. “We, therefore, recommend to avoid making any transactions via E-Coin/Wirex platform until confirmation from BitGo that the services have been resumed,” the Wirex email noted. The BitGo tweet stated:....