The leading bitcoin security platform BitGo introduced a new services, which improves company’s brand, providing wider transparency to clients.
Bitcoin’s ChangeTip is about to take advantage of “Verified by BitGo,” providing an insight into account holdings. The bitcoing platform is about to display its bitcoin’s liquidity and solvency on its website to lower concerns over the cryptocurrency services. This will be provided via listing assets and liabilities on the website in real-time together with individual users’ specifications.
Moreover, there will be links connected to every ChangeTip account page and home page when users are not logged in. Thus is Verified by BitGo looking for achieving partnership with companies operating in the blockchain system in the meaning of security and transparency. A good example is VeriSign, which has been successful in expanding consumer trust in e-commerce in this industry.
BitGo CTO Ben Davenport stated that “BitGo’s mission is to help make the bitcoin ecosystem more secure, and we’re now excited to be taking the next major step in that direction.” Davenport added that: “we are launching our Verified by BitGo service, bringing the era of unverified funds to a close.”
Davenport sees bitcoin exchanges as the appropriate market for implementation of this new tool, albeit it is still early to comment, as he stated. “We’re having conversations with exchanges. I don’t think we have specific names but we hope to launch with some additional customers,” he added.
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