BitGo, already one of the biggest names in the institutional-grade cryptocurrency security field, is adding support for Zcash, as announced on the privacy-focused cryptocurrency’s blog.
Zcash isn’t the only cryptocurrency to be added to BitGo’s platform. Just recently, BitGo added support for a staggering number of 57 Ethereum-based tokens. This move is very good news for BitGo’s clients who will be able to store Zcash in both the platform’s cold-storage custody solutions and its 100% multi-signature wallets.
Ben Chan, BitGo’s chief technical officer, told CoinDesk just why this partnership is mutually beneficial: “Zcash is a natural fit for BitGo as both are focused on privacy protection, security, and cutting-edge technology.” He went on to further add that Zcash has been added to the platform following various interests displayed by institutional clients.
Ben Chan’s statement is further supported by Brad Miller, Zcash engineer, who explained that the main benefit of this move is that investors can now “seamlessly send and receive Zcash in a safe and secure way.” He went on to further say that “The Zcash Company ecosystem team and BitGo worked collaboratively to ensure Zcash is well integrated and supported.”
With these latest moves, BitGo seems to be on a roll when it comes to new additions, a fact also confirmed by Ben Chan who hinted that this is just a small part of what’s to come. According to Chan, BitGo plans to list over 100 new tokens until the end of 2018.
With solid plans for 2018 set well in place for BitGo, it will be interesting to see what the future will bring for the market leader in institutional-grade investment services.