Hey guys -
I hope I'm not overdoing it, but I wanted to share something that I think is pretty cool.
If you've got bitcoin that you want to give to family and friends this holiday, the new BitGo Gifts may be of interest to you.
BitGo Gifts can securely send Bitcoin to anyone, even if they don't have a Bitcoin wallet yet.
Here's how it works:
1. You enter the email of a gift recipient and choose an amount of Bitcoin to send.
2. We create a special Bitcoin address that only your recipient can access and give you the keys to deliver in person or electronically as a gift.
3. BitGo acts as a co-signer for the gift, meaning that nobody other than your recipient can claim the gift.
This is the world's first bitcoin gifting system where the bitcoin doesn't leave your possession until your recipient takes it. The bitcoin is stored in an address where you have 2 keys, and bitgo has one. The recipient of the gift is given a key and bitgo is given instructions to co-sign for your recipient only. As such, you or your recipient can claim the bitcoin, but nobody else can.
For more info, check out the Gift FAQ:
https://bitgo.com/faq/giftsFeedback is always welcome! Give the gift of bitcoin this holiday! It'll be a great conversation piece.
https://bitgo.com/Best,
Mike
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Mike Belshe
CEO
BitGo, Inc
mike@bitgo.com
