Civic Technologies, a blockchain startup, has announced a partnership with technology company BitGo, which will develop a new wallet for Bitcoin and other digital assets, promising anonymity of users.
According to the Civic report, the wallet will be based on the BitGo-developed multi-signature technology and will allow storing and transferring cryptocurrency without disclosing user credentials.
Built on top of @BitGo 's multisig technology, it will make it possible to combine the best #identity , payment and crypto functionalities into one app. Get on the next-generation identity and payment network: https://t.co/iUAXte7OYm
– Civic (@civickey) July 25, 2019
“We are creating a new ecosystem of finance and identification. Civic Wallet is the wallet of the future. With it, it will be possible to easily store and send cryptocurrencies even to people who are not very well versed in technology. The world needs tools that lower the threshold for entry into blockchain technology, ”said Vinni Lingham, co-founder and CEO of Civic.
As explained by the company, Civic Wallet will store the minimum set of user data necessary for the procedures "know your customer" (KYC). It is also stated that although the wallet will use BitGo cryptographic storage, the latter will not have access to user data.
It is expected that the launch of the Civic Wallet will be held in the fourth quarter of 2019.
Recall that last summer, Civic acquired the identity.com domain , which should become a decentralized ecosystem for sharing user data.
Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.
BlockchainJournal.news
BlockchainJournal.news
