Bitcoin is easily lost — when a storage device is misplaced or stolen, through a scam or phishing attack or when an exchange crash wipes out your investment.
Conceived by Andrew Field, an entrepreneur and investor in the Bitcoin space, BitDirect was developed as a direct response to the growing global concern over the loss or theft of Bitcoin and provides a local solution to a universal problem. Developer Oliver Shepherd brought the concept to life over two years.
BitDirect’s innovative technology comes at a time when the need for secure Bitcoin storage is more critical than ever. With the collapse of crypto exchanges like FTX, where many investors lost their money as their cryptocurrency could not be attributed to them, BitDirect’s much-needed solution is a game-changer for the South African financial and tech markets.
“Unlike other Bitcoin storage solutions, advisors can’t enter a third-party address to send investor clients’ funds elsewhere. The advisor can only approve or deny transactions, process fees and help restore a new hardware device with BitDirect in the event of a loss,” explains Shepherd.
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Source: ITOnlineSA - 🏆 16. / 63 Read more »