Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$30,366.002.96%
  • ethereumEthereum$2,047.773.52%
  • xrpXRP$0.4225981.76%
  • bitcoin cashBitcoin Cash$199.263.42%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Civic Wallet Announced $1M ‘FDIC-Like Insurance’ for Crypto

John Wanguba by John Wanguba
March 31, 2021
in Blockchain, Crypto news, News
Reading Time: 3min read

The multi-signature non-custodial wallet known as Civic Wallet now comes with a $1,000,000 guarantee provided by Coincover. Civic Technologies has been known in the entire crypto space as one of the leading providers of decentralized identity. It is now allegedly the first company to provide its users with a non-custodial wallet with $1M protection. For now, the wallet is in private beta.

Speaking to reporters, Civic co-founder and CEO Vinny Lingham compared its key feature to the protection provided by the Federal Deposit Insurance Corporation (FDIC):

“This is the first time that both technical and non-technical users can feel safe about their holdings. Until now, people had to keep their coins in the cold storage, but now they don’t have to worry about it as their holdings are insured up to $1,000,000 just like a bank account with the FDIC.”

David Janczewski, Coincover CEO, also commented:

“Coincover is not an insurance company, we like to think of ourselves as ‘protection and security company for cryptocurrency’, for the insurance, we work with Lloyd’s of London underwriters.”

Inheritance Remittances

Since it is a multi-signature wallet, one key is stored by the user. The other is stored by the custodian BitGo; the third key is stored by Civic but will, in the end, migrate to Coincover. One of the key benefits of this insurance is that; in case Civic goes under, users will not lose their coins, according to Lingham.

Another key benefit is the ability of legal heirs to recover the funds using Coincover. Currently, the coverage is just available to US residents. But officials say that in the future, it will be extended worldwide. It will comprise of all the coins that are supported on BitGo.

Lingham also mentioned that the coverage is free. However, in the future, Civic may begin charging a fee on the accounts that have more than $1,000,000 worth of Crypto.

The Civic Wallet users are compelled to still abide by strict Know Your Customer needs. they do so by supplying their government-issued documents for identification purposes. Also, they will have to subject their visage to facial recognition software. Furthermore, users can connect their bank accounts and purchase Crypto without leaving the wallet.

As the wallets that have higher amounts of Crypto continue to increase in number, an insurance policy could not have come at a better time.

Like what you're reading? Subscribe to our top stories
Tags: BitGobusiness newsCivicCivic WalletCivicKeyCoincovercryptocrypto-walletcryptocurrencyInsurancenon-custodial wallet

Related Posts

Cardano NFT Sales Surpassed $27M In April, ADA Tries To Rebound
Blockchain

Cardano NFT Sales Surpassed $27M In April, ADA Tries To Rebound

May 20, 2022
U.S. SEC Chair Insists A Lot Needs To Be Done To Shield Crypto Investors
Crypto news

U.S. SEC Chair Insists A Lot Needs To Be Done To Shield Crypto Investors

May 18, 2022
Meta Adopts Bitcoin After Their Stablecoin Failed
Blockchain

Meta Adopts Bitcoin After Their Stablecoin Failed

May 16, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.