eCoinConcepts, a provider of storage for digital currency, announced on Wednesday (October 22nd) that it is set to launch its first consumer facing product, BitStash, dubbed to be the safest and most secure device for storing and spending Bitcoin in the market today.
CTO of BitStash, Trevor Murphy noted,“Existing methods for Bitcoin storage and spending are too complicated for mass public adoption, and existing online storage solutions carry too many risks. What we’ve created is a new, easy-to-use global solution that involves absolutely no third parties and comes with government-grade anti-theft security features like tamper detection and self-destruct circuitry, making this the ultimate way for customers to store and spend their Bitcoin.”
Bitcoin is fast gaining mainstream status, as a large number of well-known brand retailers start to accept the digital payment. However to date, consumers have lacked a completely secure and stable method with which to store and spend their digital currency, until now.BitStash is able to fill that void by providing the easiest to use and most secure system to date. Users simply plug in the small 9cm desktop device, download the mobile or desktop app, and are then guided through a simple setup process.
Communicating over a hardened Bluetooth protocol, BitStash™ automatically generates three tiers of secure storage for the user, including a mobile wallet for spending on the go, a device wallet for day-to-day trading or online shopping at home and a true cold storage wallet, on a LUKS encrypted USB drive for long-term, off-site secure storage. BitStash is also the first true cold storage solution available on the market today, and is the first device to address desktop and mobile malware with its Global 2 Factor authentication and Color Captcha solutions.
BitStash is the brainchild of two Wall Street veterans, Steve Swanson and Trevor Murphy who have specifically designed the Bitcoin storage system to meet the Government’ most stringent standards for security, meaning that it is impervious to hackers and other security threats. Simple re-balancing between these three wallets ensures the right amount of Bitcoin is always available to spend and save.