NEW YORK (PRWEB) May 04, 2015
Rochester-based Case, an innovator in bitcoin technology, today launched its bitcoin wallet on-stage at TechCrunch Disrupt NY. The stand-alone device, which is the approximate size of a credit card, provides uncompromising security and ease-of-use for bitcoin buyers, sellers and users.
“Case represents an evolution for bitcoin users who buy, sell and use bitcoin,” stated Case Chief Executive Officer Melanie Shapiro. “Since bitcoin is used just like cash, it is imperative to incorporate multi-signature security with greater simplicity and ease-of-use to ensure widespread consumer adoption. We’ve achieved both of these with our bitcoin wallet. Bitcoin users no longer need to choose between the security of their bitcoin and ease-of-use.”
No Compromise Security
As more and more applications are built on top of the blockchain and require a wallet, institutions and users need the ultimate level of security. At present, cloud wallets do not provide this security on their own. With multi-signature, multi-factor architecture, Case includes three private keys with two of them required to complete a transaction. One key, which is generated and embedded in the device itself, requires the user to have possession of the device. The second is stored on Case’s servers, which can only be accessed via a biometric fingerprint scanner in the device. A user’s fingerprint scan is never stored on the Case device itself for added security.
“As online blockchain technologies evolve as a means for buying and selling bitcoin, they will require devices like Case to ensure security and maintain privacy,” stated Case Chief Technology Officer Stephen Schultz. “We’ve taken these needs into account to help drive market adoption.”
Case has partnered with Third Key Solutions (TKS), experts in secure key generation and storage, to complete its multi-signature solution. While TKS never has control of funds, it holds the third signing key in an offline vault so it may be used in the event that a Case user loses their device. By holding one key offline, TKS also helps to mitigate the risks of key loss, natural disaster, internal compromise, or theft. Case also works with Celery to allow its users to exchange U.S. currency for bitcoin or bitcoin to U.S. currency.
Designed according to the CryptoCurrency Security Standard (CCSS), Case was created in late 2014.
Ease of Use
Case users can send bitcoin in three easy steps compared to the ten steps needed for competing wallets on the market. To make multi-signature validation as easy as possible, Case incorporates a simple keypad and screen. To send bitcoin, a user can simply push the ฿ button on the keypad, scan a QR code, and swipe their finger on the embedded fingerprint scanner. With a dedicated GSM chip and a multi-IMSI embedded SIM card, Case can quickly jump from carrier to carrier without roaming fees to enable unlimited transactions across the globe with no monthly fees.
Case is producing a limited number of its bitcoin wallets available on a pre-order basis starting today through the company’s web site – http://www.choosecase.com -- for an introductory price of $199. Each of the initial 1,000 Case bitcoin wallets will be numbered, which will be a unique differentiator as the industry grows quickly over the next several years.
About TechCrunch Disrupt NY
TechCrunch Disrupt NY 2015 is TechCrunch’s sixth annual conference in New York City. The format combines top thought-leader discussions with new product and company launches. Morning executive discussions debate technology-driven disruptions in many industries, while the afternoons are reserved for the Startup Battlefield, where some 30 new companies will launch for the first time onstage, selected to present from numerous applications received from around the world. The winning company will receive a $50,000 grand prize and the Disrupt Cup at the conclusion of the conference. The conference is May 4-6, 2015 at the Manhattan Center, 311 West 34th Street (at 8th Ave.) Manhattan.
Based in Rochester, New York, Case was started with the vision of making bitcoin the safest and easiest currency for wide spread consumer use. The company introduced its first bitcoin wallet in 2015 to bring “no compromises” security, in an easy-to-use hardware wallet, to both experienced and novice bitcoin users worldwide. For more information about Case, go to http://www.choosecase.com.