Rochester-based Case has introduced a bitcoin wallet which is the approximate size of a credit card. Case works with Celery to allow its users to exchange U.S. currency for bitcoin or bitcoin to U.S. currency.
As more and more applications are built on top of the blockchain and require a wallet, institutions and users need the ultimate level of security. At present, cloud wallets do not provide this security on their own. With multi-signature, multi-factor architecture, Case includes three private keys with two of them required to complete a transaction. One key, which is generated and embedded in the device itself, requires the user to have possession of the device. The second is stored on Case’s servers, which can only be accessed via a biometric fingerprint scanner in the device. A user’s fingerprint scan is never stored on the Case device itself for added security.
Case has partnered with Third Key Solutions (TKS), experts in secure key generation and storage, to complete its multi-signature solution. While TKS never has control of funds, it holds the third signing key in an offline vault so it may be used in the event that a Case user loses their device. By holding one key offline, TKS also helps to mitigate the risks of key loss, natural disaster, internal compromise, or theft.
Case users can send bitcoin in three easy steps compared to the ten steps needed for competing wallets on the market. To make multi-signature validation as easy as possible, Case incorporates a simple keypad and screen. To send bitcoin, a user can simply push the ฿ button on the keypad, scan a QR code, and swipe their finger on the embedded fingerprint scanner. With a dedicated GSM chip and a multi-IMSI embedded SIM card, Case can quickly jump from carrier to carrier without roaming fees to enable unlimited transactions across the globe with no monthly fees.
An introductory price of $199 is being offered by Case.
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