In addition to its well-known end-to-end encrypted email service, Proton, a privacy firm, has issued a Bitcoin wallet.
Proton, an email provider that prioritizes privacy, has introduced a Bitcoin wallet that prioritizes simplicity and personal security.
The Swiss privacy and security company, Proton Mail, is renowned for its end-to-end encrypted email, secure VPN, and storage services, which are used by more than 100 million global account holders.
Designed to facilitate the secure storage and use of Bitcoin, the encrypted wallet is exclusively Bitcoin-based. The wallet’s ‘Bitcoin by email’ service enables Proton Mail customers to securely transfer BTC to an email address that is not associated with a Proton Mail account.
The company stated in a statement that the wallet also alternates addresses every time a user receives BTC from a new sender to prevent transactions from being readily linked.
Since last summer, the wallet has been subjected to testing by 100,000 pre-release users. It is completely open-source, which enables anyone with the necessary technical expertise to verify Proton’s assertions, as is the email service. The corporation acknowledged in a blog post that this represents a substantial number of individuals within the crypto community.
Ramp, a payments provider, has formed a partnership with Proton to enable the purchase of Bitcoin in over 150 countries.
The company stated that Proton Wallet is self-custodial, which means that your Bitcoin is not at risk of being compromised, having funds seized, or going insolvent, as centralized exchanges are.
Andy Yen, the founder and CEO of Proton, stated in a statement that the wallet is not the company’s initial interaction with Bitcoin.
Yen stated, “Proton has been a proponent of Bitcoin for a long time.” “Bitcoin served as a lifeline for Proton during its initial crowdfunding campaign in 2014, when PayPal temporarily restricted our ability to accept contributions.”
Yen stated that digital freedom necessitates not only privacy but also financial freedom. He further stated, “Our objective is to facilitate the adoption of alternative forms of money by users, which are not subject to the control of centralized financial systems by third parties who may not always act in the best interest of the general public.”
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