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.
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