Korbit Announced as First Launch Partner of BitGo Instant in South Korea
In an announcement via email newsletter today, Korbit, a South Korean Bitcoin exchange and wallet announced it is the first launching partner within South Korea to integrate BitGo Instant into their Bitcoin transfer and remittance protocol. BitGo is a Bitcoin security company that offers a multi-sig wallet and now BitGo Instant. Korbit is one of the most popular and widely used Bitcoin wallets and exchanges in South Korea. They currently offer a way to buy Bitcoin through regular ATM transfer transactions from major banks in South Korea. Now partnered with BitGo Instant, Korbit will add a....
Related News
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....
Korbit, the South Korea-based bitcoin exchange and merchant payment processor, announced that one of the biggest media empires in Asia, CJ E&M, will now be accepting bitcoin for its video-on-demand service, VINGO. CJ E&M is the media and entertainment subsidiary of CJ Group, one of the biggest business conglomerates in South Korea, which is also called a chaebol. Korbit only founded in 2013 but has already amassed over 25,000 user accounts and has signed up 500 merchant accounts, which are mostly small and medium-sized businesses. CJ E&M is the first listed company in Korea to begin....
South Korean bitcoin startup Korbit has announced that it will receive $400,000 in funding from various Silicon Valley investors. If that figure doesn't impress, the names behind it might. The list includes DFC founder Tim Draper, AngelList founder Naval Ravikant, SV Angel founder David Lee and Barry Silbert, founder of SecondMarket and a high-profile bitcoin advocate. Draper said bitcoin's growth in Korea has been remarkable, adding that Korbit is setting a good example for bitcoin companies around the world. He argues Korea could play a leading role in the future of global finance by....
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:....
Korbit, the leading provider of bitcoin exchange, wallet, and merchant payment processing in South Korea has closed a $3 million Series A funding round, the company announced Monday. The funding was led by SoftBank Ventures Korea, in addition to Pantera Capital, and other investors that include Barry Silbert's Bitcoin Opportunity Corp., BAM Ventures, Tim Draper (who recently purchased a large amount of seized Silk Road bitcoins), and more. Speaking about the investors involved with the funding, Korbit CEO Tony Lyu said that, "the leading investors in the Bitcoin space have chosen Korbit....