in 95 countries last December, having commenced beta testing during the summer. In addition to its wallet function, Bitkey will connect to Block's payments platform Cash App and crypto exchange Coinbase to allow buying and selling BTC within its app.The app and hardware device are two of the three keys used to secure a user's bitcoin, with the third stored on Bitkey's servers.
Should customers lose their both their phone and the device, they can recover their funds using the"Trusted Contacts" tool, which relies on people known to the user to verify their recovery request.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.