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.
Related reading
Merchants beating mobile payments providers at their own game
Mobile payments might be relatively new to America’s highly fragmented consumer market, but they’re catching like wildfire. In 2014, mobile payments accounted ... read more
Ingenico on Google POS and the the future of payments collaboration
I caught up with Guillaume Andre, Head of Marketing, Ingenico Northern Europe, to discuss the implications of a tech giant-payments provider collaboration-led future, and how Ingenico and Google might continue to innovate the POS system in the future.
An Internet of Things-connected future in prospect
The future is even closer than we think. The increasing pace of technological change means concepts formerly considered only abstract theories on a distant horizon are already nearly upon us. By Urs Gubser, Head E-Commerce, SIX Payment Services.
Ingenico’s Axium D7 world’s first GMS and PCI-PTS v5 certified payment device
“The smart terminal has moved beyond just accepting payments", said Patrice Le Marre, EVP of the Banks & Acquirers Business Unit at Ingenico Group, said of the world's first Google Mobile Services and PCI-PTS v5 certified terminal.
