Prominent privacy-focused email platform Protonmail is releasing its own native Bitcoin (BTC) wallet.
In a new wire on the social media platform
“Today we are launching Proton Wallet, an open-source, end-to-end (ETE) encrypted and self-custodial Bitcoin wallet. With features like Bitcoin via Email, we hope to provide a more secure and convenient way for Bitcoin newcomers to get started.”
According to the company, the new feature will do just that economize on disastrous mistakes that novice crypto users often make.
“Bitcoin transactions are permanent and there is no bank to call if you make a mistake. Copying the wrong 26-character Bitcoin address can be catastrophic.
Proton Wallet’s unique Bitcoin via Email feature means you only need to verify an email instead, reducing the chance of errors. Each address is signed with PGP (Pretty Good Privacy) so every transaction remains secure.”
Proton Wallet goes further remark that they are considering adding support for the Lightning Network, but are still working on some details. Lightning Network is a BTC layer 2 that allows users to make small crypto payments quickly and cheaply.
“Lightning support is something we are considering, but it is difficult to implement in a non-custodial way.”
Bitcoin is trading at $66,169 at the time of writing, down fractionally over the past 24 hours.
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Generated image: Midjourney
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