BitQuick Integrates Pay to Script Hash Multi-Sig
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....
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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....
It’s been quite a busy week for BitQuick: Not only has their customer base expanded to 500 active users per month from 50 just earlier this year, but it has also announced that users on the security-oriented company Coinkite.com will be able to conveniently utilize the BitQuick platform directly from within Coinkite's wallet interface. The new BitQuick-Coinkite integration allows the latter’s users to acquire bitcoins in a peer-to-peer fashion without really exiting Coinkite’s user interface. Coinkite wallet users log-in to their wallet, click “buy bitcoin” and select BitQuick as their....
BitQuick is challenging USA and Europe to sell their bitcoins by using Bitquick.co."We're calling it the BitQuick challenge," says Founder Jad Mubaslat. "We're so confident users will come back, that we're giving away $10 or 0.03 BTC, whichever is greater, to the first 150 new sellers for the month of October and November. We're also completely removing withdrawal fees for October and November. You now get paid to sell on BitQuick when you're a new customer."After hearing this offer, I had a few questions for Jad that he gladly answered.Why would I use Bitquick instead of Coinbase? While....
A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH. Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade. According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.Blockchain researcher and....
For all the ecosystem's advancements, buying bitcoin with cash is still a slow process, one some argue has been traditionally underserved by industry startups. BitQuick, a peer-to-peer cash-for-bitcoin startup, however, is looking to reinvigorate this dormant sector. By offering some basic bitcoin protections, BitQuick aims to serve the underbanked market while positioning itself as more secure and convenient than competitors. The idea is to eschew the hassles of in-person cash-for-bitcoin transactions, which on other services could entail the inherent risk of meeting an unknown person for....