In May, Krypti – which offers military-grade security based on the systems Visa and Mastercard use to digitally store credit card numbers – will launch what it claims will be the most secure digital wallet available on the market.
Despite years of hype around cryptocurrencies like bitcoin – alongside predictions about the death of cash – take-up of new digital currencies has been disappointing, except among traders attracted by their volatility. Early hopes that they could become an alternative means of payment have so far come to naught, with many suggesting security concerns were keeping the general public away.
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Steven Russo, Krypti |
The traditional approach has been to store data inside a vault, encrypt what’s inside, then surround it with firewalls to keep bad actors out.
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