Crypto custody service BitGo this Wednesday announced the addition of one of the largest digital assets on the market – Stellar Lumens (XLM).
As the company notes on its blog, it has become the first provider of a multisignature wallet and custodian solution for cryptocurrency, recently ranked fourth on CoinMarketCap’s list. At the same time, the number of digital assets supported by BitGo reached 115.
“We are constantly adding support for new digital currencies that our customers are interested in, and Stellar has become the obvious choice for inclusion on this list. The Stellar network offers BitGo clients access to the financial structure of cross-border transfers, which makes XLM especially important in the eyes of investors, ”said Ben Chan, Chief Technology Officer of BitGo..
Along with the addition of Stellar, BitGo wallets have added support for an integrated address ordering, which allows for the creation of human-readable addresses similar to those used in email.
Also, a separate announcement was made today by Bity – a smaller company, but not in importance for individual users – that operates a network of cryptocurrency terminals in Switzerland. From now on, in addition to Bitcoin and Ethereum, potential investors can buy Monero using its devices..
Explaining why Monero was chosen as the third supported cryptocurrency, the company draws attention to its anonymous characteristics, which “provide an additional level of privacy for users unattainable in transparent blockchains used by Bitcoin and Ethereum”, and are of particular importance for “development oriented towards person of the digital economy “.
Bity terminals accept deposits of up to 5,000 francs ($ 5,010) or the equivalent in euros and are located in the Swiss “Crypto Valley” located in Zug, as well as in Western Union offices in four different cities of the country.
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