Is it Safe to Send Crypto via Email? New Payment Platform Promises ‘Complete Security’
A startup helps cryptocurrency owners protect digital assets from being stolen and lost. Security is provided by decentralizing private key shards.
A new platform for smart crypto payments offers users the ability to hold or send cryptocurrency by using an email address. Private keys are secured through sharding and decentralization. The platform connects Ethereum wallet addresses to emails, phone numbers, or login IDs and the company says it allows users to “bypass the complex nature of crypto wallets.”
A new method of crypto security
The new smart crypto payment platform Quixxi Connect provides a service for storing and managing digital assets. The company says their Smart Crypto Payments solution can help cryptocurrency owners protect their digital assets from being stolen and lost. This “simple and secure” platform has two unique features that aim to contribute to mass crypto adoption.
The first feature is “complete wallet protection”. The platform uses the blockchain to decentralize encrypted fragments of a users’ private keys. To access the wallet and make a purchase the user has to go through identity verification. The shards are then rearranged and decrypted giving users complete control over their wallets.
The wallet address is connected directly to the user’s email address. According to Quixxi Connect, this allows making crypto payments through methods that people are already familiar with. For example, sending coins directly to their friends or family via an email address or ID. Moreover, users can buy or sell any goods or services with the Smart Payment function of the platform. Another feature that could help newcomers in cryptocurrency is that the wallet and address are created automatically on the Ethereum Network after registration in the Quixxi Connect system.