BitGo Will Develop Its Own Product

Security solutions for cryptographic storage and storage continue to accelerate in the sector. About 4 months ago , BitGo company, which bought a firm named Kingdom Trust which serves in this field, took an interesting decision after this move to sell its product from the beginning.

In Medium, the article was taken by the company; It is stated that the negotiations with the partners have been continued to create the product called BitGo Trust; it was emphasized that this product will be both new, regulated and quality product.

The Company also states that the acquisition process for the Kingdom Trust platform will not continue; many authorities have commented that this is interesting.

However , Clarissa Horowitz, the company’s deputy manager responsible for marketing , said BitGo is not pushing such a thing , says BitGo, the main reason behind making such a decision, the needs and desires of customers. Horowitz said:

“We have received customer requests in the foreground. We have been serving our customers for many years now and we have a very clear idea about what they want in this regard and how we should serve. For this reason, we decided to pluck our arms to create a completely independent and quality product. ”

Horowitz said that they are in close contact with regulatory and supervisory firms and will develop the product in this way, while a clear timeline as the date of product launch is not shared with the public at this time. At the same time, the successful manager will provide customers with various levels of product protection services, indicating that either customers will either entrust the product entirely to BitGo, or they can choose to hide their products on their own, as well as on the platform.

Noting the need for a company to offer such a clear storage and custody service for KRipto money, Horowitz emphasized that it is as critical as it is for the sector as it is new to the sector.

Horowitz said BitGo CEO Mike Belshe shared the same idea. As one would recall, Belshe had previously stated that “Protection and storage services are the most important thing that will open the way for large investors to come to the sector . “

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.