Civic Technologies, the premier blockchain-powered identity and payment solution provider, announced on Wednesday its Civic Wallet, previously only available in private beta, is now generally available.
Civic claims that Civic Wallet offers a safer way to store and transact with digital identity and currency. Civic Wallet holders are able to send and receive funds to usernames, addresses, and even to QR codes after creating a verified identity. Digital currency, including BTC, ETH, USDC, and CVC, may be sent globally with low fees for a limited time.
“Civic Wallet holders can immediately bring in their digital currency and start protecting it with the company’s $1 Million Cryptocurrency Protection Guarantee, provided by Coincover and insured by Lloyd’s of London underwriters. All verified Civic Wallets are automatically covered by this protection. This means their digital currency is protected with account and key recovery.”
Vinny Lingham, CEO and co-founder of Civic, went on to add:
“By design, Civic Wallet puts you back in the driver’s seat with more control over your digital identity and money with no more seed phrases or passwords to remember. And, we’re looking forward to offering proof-of-health verification as a new, privacy-focused element of your digital identity.”