BitGo Launches 'Instant' Bitcoin Transaction Tool
Bitcoin security firm BitGo has launched a new service that aims to allow clients to accept bitcoin transactions prior to their official confirmation on the blockchain. Called BitGo Instant, the offering aims to allow users to accept transactions more quickly, while guarding against the possibility that funds could be 'double spent' or otherwise altered before they settle against the bitcoin ledger. At launch, BitGo said major exchanges including Bitstamp, Bitfinex and Kraken had already signed on as users of the service. Other notable partners include altcoin trading service ShapeShift....
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Bitcoin security company BitGo has announced a new feature – BitGo Instant which promises instant settlement for bitcoin transactions. The service also guarantees recipients a compensation via a claim fulfilled by BitGo, if the transaction isn’t confirmed on the blockchain. In an announcement via a press release today, BitGo has launched BitGo Instant, a service that allows users to transfer bitcoin for real-time settlement, before the transaction is confirmed on the blockchain. The service is positioned to users who seek instant bitcoin transactions while securing the funds against 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:....
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....
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....