Blockchain-based security company BitGo has added two major players in the crypto world Dash (DASH) and stellar Lumens (XLM) to its platform. Dash has already been updated on the platform while XLM will join soon. The founder while talking to Fortune said that the two coins would offer advancements in payments. He also said that Dash has been at the forefront in championing for instant payment.
Dash’s unique feature of privacy payments can also be accessed through their platform. The CEO also talked about stellar lumens (XLM) contribution towards tokenization. “They have been focusing on the global payments for consumers which is a little bit different than what Bitcoin does,” he added.
What BitGO’s new coin additions will offer
BitGo said it would allow its customers to keep Dash as from Friday. In the next coming weeks, BitGo will add support for lumens a crypto coin associated with stellar. Mike Belshe also revealed that the reason why they are adding the coins. He said they would offer some advanced method of payments. Additionally, he contends that BitGo’s products are better than any other available option in the market. Commenting on the differences between BitGO and exchanges, Belshe said that the company is dedicated to offering security to large market players while at the same time providing a platform for retail investors.
The First Crypto firm to offer custodian solution
Recently BitGo became one of the first crypto firms to offer custodian solutions to its customers. The cryptocurrency company received custody approval from South Dakota Custody Approval. Additionally, it offers custodian services to Ethereum based tokens for clients with BitGO contract.
Commenting on the differences between Exchanges and BitGo He said that exchanges focus on just adding users every day to their platform while ignoring security. On the hand, he argued that BitGo has a dedicated team whose main aim is to provide security to any firm from anywhere in the world. “Exchanges sometimes offer custodianship, but they’re not qualified custodians themselves. They’re holding funds so that you’ll use their exchange,” he added. Currently, the block chained backed Company supports eight coins Bitcoin, Bitcoin cash, Zcash, Litecoin, Bitcoin Gold, XRP, Dash and Ethereum.