[quote]Bitcoin security firm BitGo has launched a new service that aims to allow clients to accept bitcoin transactions prior to their official confirmation on the blockchain.
In interview, BitGo CTO Ben Davenport said the service will help bitcoin companies better offer the user experience their consumers expect from the digital currency, which has been widely advertised as fast and free, yet can take 10 minutes and sometimes much more to be confirmed by the network.
The service, BitGo noted, follows notable instances in which industry startups like Coinbase and ShapeShift have been the victims of double-spending. Davenport described the offering as one that would allow these firms to approve transactions quickly while receiving receiving a type of assurance should payments go awry.[/quote]
http://www.coindesk.com/bitgo-instant-bitcoin-transaction-tool/
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