BitGo is a well-respected company in the cryptocurrency space. The firm has now attracted the attention of Bitcoin banking app Mode.
The Mode – BitGo Partnership
The entire world is warming up to the idea of Bitcoin. This cryptocurrency has been shunned and ridiculed by the media for many years. Over the past 18 months, the momentum has begun to shift. New companies and business models are coming to the forefront.
These unique business models allow for companies such as Mode to exist. It is a Bitcoin banking app provider. Their service wants to make cryptocurrencies more appealing and accessible. To further bolster its offering, Mode is partnering BitGo for its custody services.
BitGo Chief Revenue Officer Pete Najarian adds:
“Mode is one of the most highly regarded new companies operating in the cryptocurrency space. Their vision to translate the benefits of digital assets into traditional finance closely aligns with our beliefs of what the institutional market needs. We are pleased to partner with Mode to help build confidence and trust in digital assets.”
Through this integration, Mode users will benefit from individual Bitcoin accounts. Every account provides 24/7 access to user funds. Assets will be stored in cold, hot, and warm wallets for convenience.