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Proton launches Proton Wallet, a self-custodial Bitcoin wallet, enhancing security and privacy for digital asset management, now available in early access.
Key Points
- Proton introduces Proton Wallet, a self-custodial Bitcoin wallet.
- The wallet emphasizes security and privacy in digital asset management.
- Currently in early access, it simplifies Bitcoin transactions using email addresses.
- Proton Wallet features non-custodial ownership and open-source code.
- The wallet supports Bitcoin purchases in over 150 countries.
Proton, renowned for its unwavering commitment to privacy and security, has announced the launch of Proton Wallet, a new self-custodial Bitcoin wallet designed to offer users unprecedented control over their digital assets. The wallet, currently in early access, aims to simplify Bitcoin transactions while upholding Proton’s core values of security and privacy.
Proton Wallet marks Proton’s foray into the world of cryptocurrency, starting with Bitcoin due to its broad adoption and significance in regions facing high inflation and limited access to traditional banking. While the wallet’s current focus is on Bitcoin, Proton envisions future capabilities that could include fiat currency, pending regulatory requirements like acquiring a Swiss banking license.
Proton Wallet differentiates itself by addressing the complexities of managing digital assets. “Our goal is to make Bitcoin accessible to everyone,” says Proton. By leveraging its existing encryption infrastructure, Proton Wallet enables transactions as easily as sending an email. This feature eliminates the need for complex Bitcoin addresses, making the process straightforward for both new and experienced users.
To manage demand and ensure a smooth rollout, Proton Wallet is currently available through an early access system. Proton Visionary and Lifetime users have immediate access and can invite others, creating a network effect to bolster the wallet’s usability. For those not yet invited, a waiting list will be maintained.
Key features of Proton Wallet include non-custodial ownership, meaning that users retain full control over their Bitcoin. Proton never has access to users’ funds, which are protected by end-to-end encryption and a recovery seed phrase. By integrating Proton’s secure email infrastructure, sending and receiving Bitcoin is as easy as using email. Users can transact using email addresses linked to Proton Wallet, streamlining the process and enhancing privacy. Proton Wallet supports Bitcoin purchases in over 150 countries and provides a comprehensive guide for newcomers. The wallet’s code is open source, allowing for public scrutiny and verification of security claims. Additionally, Proton Wallet includes advanced security features like two-factor authentication and optional passphrases. For high-risk users, Proton Sentinel offers advanced protection using AI and human security analysts to guard against sophisticated cyberattacks.
Proton Wallet embodies Proton’s broader mission to offer users greater control over their financial assets. The launch is a strategic move to bolster Proton’s resilience against traditional financial system vulnerabilities and align with the principles of financial independence and privacy. For more details on Proton Wallet, visit the Proton Wallet, where you can create a Proton Account or log in to explore the wallet’s features. The early access period provides a unique opportunity to be among the first to experience Proton Wallet’s innovative approach to digital asset management.
Proton is a Swiss-based company dedicated to providing secure and private digital services. Proton Wallet is operated by Proton Financial AG, a subsidiary of Proton AG, with the support of the nonprofit Proton Foundation.
