{"id":401545,"date":"2019-10-16T20:00:55","date_gmt":"2019-10-16T20:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=401545"},"modified":"2024-06-11T13:31:10","modified_gmt":"2024-06-11T13:31:10","slug":"bitcoin-inheritance-solution-startup-to-make-passing-on-btc-easy","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-inheritance-solution-startup-to-make-passing-on-btc-easy\/","title":{"rendered":"Bitcoin Inheritance Solution? Startup to Make Passing on BTC Easy"},"content":{"rendered":"

A startup focused on Bitcoin management has launched a service to make passing on Bitcoin as part of inheritance easier. The service, known as the Casa Covenant, addresses one of the biggest issues with using Bitcoin as a long-term store of value.\u00a0<\/a><\/p>\n

The service will introduce an extra private key that may be used in conjunction with those already available as part of Casa’s key management solution. The key will be held by an attorney appointed by the Bitcoin holder and used in the event of their passing.<\/p>\n

Passing Your Bitcoin on? It Might Not be as Straightforward as You Think…<\/h2>\n

Earlier this year, NewsBTC reported on the Canadian Bitcoin exchange QuadrigaCX suddenly going offline. In the days that followed, it emerged that its founder and CEO, Gerard Cotten<\/a>, had suddenly died with the only copy of the platform’s cold storage private keys. With Cotten’s death, the millions of dollars worth of digital assets held on behalf of the exchange’s customers effectively disappeared.<\/p>\n

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Announcing Casa Covenant!<\/p>\n

A Bitcoin Inheritance Service that solves the question:<\/p>\n

\u201cWhat happens to my bitcoin when I die?\u201dhttps:\/\/t.co\/NtLuD9sy4P<\/a><\/p>\n

— Casa (@CasaHODL) October 16, 2019<\/a><\/p><\/blockquote>\n