Flycoin announces strategic partnership with BitGo
The partnership will set a higher standard for how crypto-based rewards are safeguarded in the travel industry
POMONA, Calif. — FlyCoin Inc., a cryptocurrency-based travel rewards technology company, announced their partnership with BitGo for custody and security solutions. FlyCoin will hold a significant portion of the company’s minted cryptocurrency token, FLY, in BitGo’s Qualified Custody. The announcement comes on the heels of Flycoin’s $33 million seed funding earlier this year.
“As we continue to grow Flycoin’s ecosystem of partners and end users, it is critical that we properly safeguard these digital assets,” said Lenny Moon, CEO, Flycoin. “BitGo’s reputation and credibility as a global leader in digital asset cryptocurrency are unmatched, and a key factor in our decision to partner with them in this capacity.”