BitQuick Integrates BitGo Instant to Allow Instant Bitcoin Transfers

BitQuick has announced its integration with BitGo Instant in its aim to continue rapid growth, with a reported increase in both 30 day trailing volume and new users of over tenfold . BitQuick will be allowing the receiving of BitGo Instant transactions, and hopes to soon enable instant sending transactions for buyers. The multi-signature bitcoin wallet BitGo offers several features, including an API, dynamic fee management, and wallet services for any blockchain. Previously, BitQuick integrated with BitGo Enterprise P2SH multi-signature escrow addresses.

BitGo Instant is a new option that uses a third-party key recovery service to allow bitcoin to be available immediately upon receipt, eliminating the need to wait minutes or hours for confirmations by using zero-confirmation transactions. This feature also allows for the prevention of double spend attacks. It should result in increased liquidity for users.

The service is free for transactions under 1 BTC, and carries a 0.1% sender’s fee for transactions over 1 BTC. BitGo Instant is currently being used by several prominent bitcoin businesses, including Bitfinex, Kraken, and Shapeshift, as well as fellow Boost VC alumni Fold, CoinHako, and Unocoin.

Jad Mubaslat, Founder and CEO of BitQuick, stated “The new BitGo Instant feature comes at a perfect time. Due to Bitcoin Core’s unwillingness to increase the block size, innovations such as BitGo Instant are more useful than ever.”