BitGo has announced support for Zcash. BitGo is a popular cryptocurrency wallet and world’s largest processor for bitcoin transactions. Infact, BitGo processes around 15 percent of total bitcoin transactions and total of 15 billion dollars across all of the supported cryptocurrencies. It has customer base in more than 50 countries around the world.
Supported crypto currencies on BitGo network now include Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Bitcoin Gold (BTG) and Zcash (ZEC). It also supports host of ERC20 tokens as well and that includes the following.
Why is this a huge thing? BitGo is a multi currency wallet and platform. The businesses make use of BitGo’s single unified API platform and just by that, they are able to offer their customers most of the popular cryptocurrencies.
In the end, the business house avoids the hassle of developing multiple APIs for each coin or token and this reduces complexity and deployment.
There are two plans to choose from – one is pay as you go plan where you simply pay 0.25 percent of every outgoing transaction. Ripple and ethereum not supported in this plan. If you go for Business account, you get cheaper pricing; free internal transfers; BitGo Instant support and support for Ethereum and Ripple wallets.
So, all in all, great news for Zcash team and users. Pair that with the recent Coinbase announcement of adding Zcash to their exchange, things are looking quite bright for the Zcash holders.
He is the Associate Editor and lives in New York. He eats charts for breakfast.