Early entry is now open for Proton Pockets, marking the launch of the privateness firm’s first crypto product.
Proton, a privateness centered service supplier identified for its electronic mail consumer, opened up early entry for a self-custodial Bitcoin pockets.
The pockets leverages Proton’s present privateness infrastructure and is obtainable to Proton Visionary and Lifetime customers.
Proton pockets will solely be capable to maintain and switch Bitcoin. Nevertheless, within the announcement put up CEO Andy Yen mentioned, “the type of assets that you can hold in Proton Wallet may evolve over time as we add more capabilities”.
Proton Pockets may also supply customers a simplified method to sending and receiving Bitcoin. Proton Mail’s encrypted key administration will permit for customers to switch Bitcoin by inputting the vacation spot account’s electronic mail handle, as an alternative of a standard pockets handle.
The flexibility to ship and obtain Bitcoin via an electronic mail handle is open to anybody that has a Proton account tied to their Proton pockets, and permits for easy asset transfers with out having to belief a 3rd celebration with non-public key info.
Yen clarified that Proton just isn’t a “crypto company.”
“We do not speculate in crypto, we are not a crypto exchange, and we do not participate in crypto lending,” He mentioned. “Nevertheless, we believe in the principle of giving you control of your financial freedom.”
The Swiss-based firm affords providers corresponding to electronic mail, a password supervisor, a VPN, and cloud storage that are all backed by way of end-to-end encryption. Proton was launched in 2014, and surpassed 100 million electronic mail accounts in August 2023. Proton’s providers are in style amongst crypto holders resulting from their concentrate on consumer privateness.
