Bitcoins (Photo : Reuters)
There is an end to serious security breaches with the existence of hardware bitcoin wallets. The startup Case has launched a high secure case bitcoin wallet that features fingerprint sensor, camera and built-in GSM chip.
As Case claimed, the startup is building the "most secure wallet platform" in the world.
Case CEO and co-founder Melanie Shapiro shared there is "no easy and secure way to use bitcoin. You're either getting security, or you're getting ease of use," Tech Crunch reported.
Celebrated at Disrupt, New York City, Case aims to render both ease of use and security.
Case is a small, starting credit card molded device that features an integrated GSM chip, camera, fingerprint sensor, and a few more useful buttons.
When an individual needs to make a bitcoin transaction, all that has to be done is press the designated bitcoin button to automatically start the scanning of the code (QR) with the use of its built-in camera. The final move is to swipe a finger on the device and it is done.
All complex processes that once were made possible with the use of a computer only have been moved right into a small device without having to log into a program, whatsoever. Buying and selling bitcoins have also been made possible with the device.
In order to make all these possible, Case will provide people with a highly secured wallet that primarily features a multi-signature scheme. When the device is first turned on, a private key will instantly be generated by the Case device, staying on it forever.
Although its encrypted online database, a key is also stored. All transactions are exclusively signed by its server only when the fingerprint scan recognizes the owner's biometric data.
With the use of its built-in GSM chip, the device will send signals to the servers. Case is currently working like Kindle that has a 3G connectivity, which means that anyone could utilize the device anywhere in the world without subscription premiums.
For $199, the Case hardware bitcoin wallet will start shipping this summer.
