24 Oct '16, 11pm

BitPay beefs up Bitcoin wallet security with Intel chip integration

BitPay , which bills itself as the largest processor of Bitcoin in the world, has linked up with Intel to help ensure the security of its digital wallet. Copay , the open-source Bitcoin wallet created by BitPay, now integrates with the Software Guard Extensions built into Intel’s seventh-generation Core processors. BitPay announced the news earlier today at Money 20/20, a financial technology conference. The partnership addresses a concern many users may have about Bitcoin: The ease with which it can be stolen. Like cash money, Bitcoin is a transferrable asset, meaning whoever is holding the asset owns it. That means it can be stolen–a fact that hackers have amply demonstrated with thefts from Mt. Gox and even from individuals’ wallets . Implementing strong security in the software that stores and processes Bitcoin is essential to preventing Bitcoin data (and with it, Bitc...

Full article: http://venturebeat.com/2016/10/24/bitpay-beefs-up-bitcoin...

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