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Intel’s New Tech Brings High Level of Security to Bitcoin Wallet Users

Photo: Bloomberg

Bitcoin payments processor BitPay has announced the first bitcoin wallet with Intel hardware security integration. The Intel Software Guard Extensions integration offers hardware-level protection for the bitcoin wallet’s private key generation, transaction signing and private keys.

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“Providing user-friendly financial security is one of bitcoin’s biggest opportunities, and Intel’s silicon-based security helps us move bitcoin closer to the mainstream,” said Stephen Pair, CEO of BitPay. “We look forward to releasing this to Copay users in the coming months.”

“The decentralized trust which blockchain technology enables has the potential to transform interactions over the Internet, starting with bitcoin. With blockchain technology and our security and computing assets, Intel hopes to bring decentralized trust to a wide array of asset exchanges over the Internet,” said Rick Echevarria, Vice President of Software and Services Group, and General Manager of the Platforms Security Division at Intel.

BitPay says it expects to make this feature available to all clients soon and it will be showcasing a demo of the solution this week in Las Vegas.

Last month Straits Financial LLC announced that it will be the first U.S. based Futures Commission Merchant (FCM) to indirectly utilize the services of BitPay via a partnership with digital bank WB21 Ltd .

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