E-Coin card users can now send bitcoin and instantly load their cards rather than having to wait for three confirmations, thanks to BitGo Instant, which provides immediate settlement of bitcoin transactions. E-Coin, a wallet which provides both physical and virtual bitcoin debit cards, now allows users to send bitcoin from within the BitGo Instant network which includes 11 companies with more on the way.
If a transaction is not confirmed on the blockchain, the service guarantees recipients compensation via a claim fulfilled by BitGo, a multi-signature bitcoin wallet which pioneered the multi-signature wallet in 2013.
BitGo Fixes Bitcoin’s ‘Double Spend’ Issue
BitGo has eliminated the “double spend” potentiality in bitcoin transactions. The service is for users seeking instant bitcoin transactions while securing funds against the possibility that the sender will spend the money elsewhere before the transaction gets confirmed via the blockchain.
BitGo provides immediate transaction settlement using the crypto keys among participating users’ wallets.
BitGo secures bitcoins sent to E-Coin using multi-signature security