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Alena Vranova Calls Casa Crypto Custodial Service the Safest Ever on The Bitcoin Podcast

Alena Vranova Talks With The Bitcoin Podcast About the Casa Crypto Custodial Service In a recent interview with The Bitcoin Podcast, Alena Vranova talked about the Casa cryptocurrency custodial service. Alena Vranova is the Head of Strategy and Business Development at the Casa cryptocurrency custodial service and founder of Satoshi Labs and Trezor. During the interview, she discussed about different topics related to virtual currencies. At the same time, she talked about the Casa custodial service and the Casa Node that was recently released to the market. The Casa Node is a Bitcoin Lightning node that has been specifically developed in order to be easy to use and specifically designed to offer an -out-of-the-box functionality. The Casa Node has a pre-installed copy of the Bitcoin blockchain. According to Alena Vranova, the node is produced by Casa using the Raspberry Pis. At the same time, in order to enhance user experience and create an easy-to-use atmosphere, the interface was created by the famous Tinder designer Scott Hurff. This provides usability and improves usability. At the same time, Casa is currently offering a custodial service that is known as Key Master service. However, the company is not fully responsible for the private keys of their clients. Instead, Casa works by instructing users on how to develop their own security services. At the same time, they provide assistance on the matter 24 hours per day, seven days per week. Users working with Casa learn how to distribute their private keys and store them in different locations. As private keys are dispersed in different places, criminals would not target high net worth individuals in such an easy way. Casa assumes that the costs for criminals increases (risk) exponentially and would think it twice before targeting a high net worth individuals. At the same time, Casa will always have a backup key held in case the user needs additional help to deal with his funds. The Key Master is a ‘concierge service’ that has a $10,000 cost per year. Furthermore, hardware wallets are still one of the best solutions for other users that want to store their funds. Leaving the funds on crypto platforms such as exchanges is not the best solution since hackers can target the platform and steal users’ funds.
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Casa Crypto Security Company Hires Trezor Wallet’s Founder, Alena Vranova

Casa Crypto Security Firm Hires Trezor’s Alena Vranova Alena Vranova, the founder of the Trezor, a digital currency wallet platform, believes that freedom is closely related to the security of an individual. Precisely, Alena thinks that a person achieves true financial freedom why their wealth security is assured. This week, the Casa crypto-security company announced that Alena would leave Trezor to join them as the lead strategist. Casa is dedicated to the eradication of security issues experienced in the crypto space. Alena has already interacted with her new employers, having participated in the inauguration of the Casa node for Bitcoin and Lightning networks. Earlier this year, Casa fundraised over $2 million to finance the development of its infrastructure. Usually, the company targets wealthy individuals and institutional investors. The project was created by Jeremy Welch. It works by connecting the digital wallet to the Casa platform that requires users to electronically unlock several keys before transferring assets from one address to another. To access this services, investors must have at least $500,000 worth of crypto assets in their possession. The charges for the services are $10,000. According to Vranova, the rise of digital currencies has increased the necessity of services such as the ones offered by Casa. In this regard, Alena mentioned that a majority of crypto millionaires made their wealth during the famous bull run of 2017 when the value of Bitcoin reached a record $20,000. The prevalence of crypto theft incidences has risen significantly, a menace that Casa intends to curb. “Casa intends to expand its portfolio to include average crypto investors. To this end, they are developing a security checklist solution for non-crypto experts who want to secure their digital assets.” Participants will undergo the typical checklist that all Casa clients are subjected to as an automated method of gauging their security. In addition, Welch revealed that the company is working on developing a product for the crypto inheritance market. Currently, most digital assets are rendered dormant if their owner passes away. Presently, Casa clients can leave an emergency key to an executor of an estate. However, Welch indicated that this solution is still underdeveloped and needs further work to become entirely effective.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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