BitGO's Bitcoin Wallet Now Backed by Insurance


#1

This could be the start of something interesting:

https://www.cryptocoinsnews.com/bitgos-bitcoin-wallet-now-backed-world-class-insurance/


#2

Didn’t a couple of other companies including xapo get their online wallets insured as well in he last few months though? I only heard of that example and one other, but I’m pretty sure it’s much the same deal. That said, it’s always possible I’ve missed something :slight_smile:


#3

You’re right, Xap mentions insurance- but it’s not a third party:

“The Xapo Vault is fully-insured and is backed by Xapo Insurance, Ltd. in association with Willis Insurance, one of the largest insurance brokers in the world.”

However, they also recently announced that Xapo security is intense:

https://www.cryptocoinsnews.com/xapo-bitcoin-security-measures-use-satellites-and-military-bunkers-deep-cold-storage/