Sunday, March 31, 2024

Swan Seeks to Increase Custody Choices With Blockstream Partnership

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At present, Blockstream, a worldwide chief in Bitcoin infrastructure, introduced a partnership with Swan Bitcoin, a outstanding Bitcoin-only monetary providers firm, to launch Swan Vault, enabling prospects to safeguard their Bitcoin by way of collaborative custody, in accordance with a press launch despatched to Bitcoin Journal. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin {hardware} pockets.

“Integrating Blockstream Jade’s multi-signature and hardware-based authentication into Swan Vault elevates the requirements of Bitcoin collaborative custody,” mentioned Swan Bitcoin CEO Cory Klippsten. “The user-centric concentrate on safety is a key side of this partnership.”

This partnership makes an attempt to handle a standard concern amongst Bitcoin buyers – the safe storage of their belongings. Whereas many Bitcoin buyers prioritize safety, they could lack experience in key administration and multi-signature expertise. Swan Vault, backed by Blockstream Jade, goals to bridge this hole by offering a collaborative custody answer for BTC holders. This enables prospects to keep up full management over their Bitcoin holdings whereas having fun with a person pleasant expertise for organising their wallets and conducting transactions.

“In bringing our technical experience into the combo with Swan’s user-centric strategy, we’re advancing the apply of collaborative custody within the Bitcoin ecosystem” mentioned Adam Again, CEO at Blockstream. “It is aimed toward driving adoption and making collaborative custody a normalized apply within the Bitcoin business.”

Swan Vault is the newest product to supply collaborative Bitcoin custody options, becoming a member of Unchained, Casa, and Nunchuk.

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