Litecoin foundation turns to BitGo

The Litecoin foundation partnered with the cryptocurrency specialist BitGo.

Friday on Twitter, the Litecoin Foundation said it had partnered with security company BitGo.

Pleased to announce that we have chosen @BitGo multi-signature wallets for our #custody solution. #security #cryptocurrencies #payments #litecoin #LTC $ ltc

– Litecoin Foundation (@LTCFoundation) January 3, 2020

Although few details have been disclosed on this collaboration, we learn that the foundation will use the multi-signature portfolios of BitGo, insured up to $ 100 million per Lloyd’s of London, to store and keep digital assets.

Founded in 2013 in California and notably supported by Goldman Sachs, BitGo offers a cold wallet service for the custody of more than 75 cryptocurrencies.

Last year, BitGo launched his own stablecoin and partnered with Genesis Global Trading in order to provide a safer way to trade digital assets.

More recently, the company unveiled BitGo Staking, a service allowing its customers to generate passive income thanks to their assets in Dash and Algorand.