This article was first published on Blog – Civic Technologies, Inc.
Civic Wallet Will Be Safer and More Convenient Than Other Solutions in the Marketplace
SAN FRANCISCO (July 22, 2019) — Civic Technologies, the premier blockchain-powered identity and payment solution provider, and BitGo, the leader in digital asset financial services, today announced the Civic Wallet, the first consumer digital wallet built on top of BitGo’s multisig technology, which will be released in the fourth quarter.
Civic is paving the way for the next generation of digital wallets, where both identity information and crypto live on mobile devices. With the easy-to-use Civic Wallet, people may store and transact crypto easily, privately, and securely. This represents safety and simplicity in a way that the industry has not known before.
“We’re building a new financial and identity ecosystem. This is the wallet of the future,” said Vinny Lingham, co-founder and CEO of Civic. “With Civic Wallet, it will be easy and safe to transfer, hold, or use crypto, so that people who are not technologically savvy can use it too. The world needs tools that lower the barrier to entry for blockchain technology.”
Leveraging BitGo’s multisig technology, Civic Wallet enables consumers to have more control and security over both their crypto and their personal information. Private keys are safely stored on the user’s mobile device, and redundant backup systems ensure that the digital wallet may easily be restored if a person’s mobile device is lost or stolen. Civic Wallet will leverage Bitgo’s technology to enable users to store, send and receive crypto, as well as to enable account and funds recovery.
Civic uses blockchain technology built on top of identity.com and is creating a network based on trust. When a user signs up with Civic Wallet, they are authenticated as a real person, using groundbreaking blockchain-based technology that securely verifies ...
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Blog – Civic Technologies, Inc.