Ciphrex, a California startup company, has launched Bitcoin Vault – a secure software wallet for Bitcoin transactions and account management. Bitcoin Vault is the first bitcoin wallet supporting shared multi-signature account management using deterministic keychains.
Eric Lombrozo, Ciphrex Co-CEO and Chief Technology Officer, indicated, “Security is the primary consideration for financial transactions, so we’ve focused our efforts in making the use of digital currencies secure. The multi-signature feature makes Bitcoin Vault suitable for enterprise applications by enforcing company policies at the cryptographic level and avoiding any single point of failure.”
“Digital currency transaction processing is an exciting new field that will revolutionize the way payments are initiated and settled globally, at a more fundamental level, at Ciphrex we are working to develop the payment network infrastructure needed to bridge the gap between digital and conventional currencies while exploring entirely new applications these technologies allow that had up until now been impossible.” he added.
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more