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Prosegur and Bit2Me Balance Security and Accessibility in Blockchain

CryptocurrencyNov 23, 2021 07:30AM ET
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Prosegur and Bit2Me Balance Security and Accessibility in Blockchain

Bit2Me, a Spanish cryptocurrency services company, has announced in an exclusive press release that it will keep a part of its funds with Prosegur Crypto, Prosegur Cash’s cryptocurrency custody service.

Prosegur is a publicly-traded company that offers custodian services, with over $400 billion in assets under management (AUM). Prosegur Crypto, the custodian’s crypto arm, will also be using the Bit2Me exchange as one of the cryptocurrency liquidity providers for its clients. Progesur Crypto provides a unique cryptocurrency asset custody solution that combines highly advanced cryptographic technology with the most sophisticated physical security solutions that exist.

Prosegur Getting Known for Enabling Ownership in Crypto The partnership between these two giants is the answer to the age-old cryptocurrency tradeoff, where investors need to make a choice between accessibility or the safety of their cryptocurrency tokens. Essentially, it offers users the safety of Prosegur’s custody with the liquidity of a leading cryptocurrency exchange, Bit2Me.

“At Bit2Me, we constantly innovate, proof of this has been the launch of the largest ICO in the history of Spain, in order to continue being the preferred platform in the market offering safe and easy-to-use solutions. We also want to bring the greatest trust to our clients by being at the forefront of security in the custody of our crypto assets. For all this, we have chosen Prosegur Crypto as the most advanced solution among all the current custody solutions that exist in the market ”, mentioned Leif Ferreira, co-founder, and CEO of Bit2Me, in the exclusive press release about the collaboration.

The crypto arm of Prosegur launched CryptoBunker, which utilizes Gk8’s patented cryptography solutions. GK8 is a blockchain cybersecurity company that offers an end-to-end platform for financial institutions to manage their digital assets by themselves. The company was recently acquired by Celsius, a cryptocurrency lending and borrowing platform. Crypto Bunker is a secure ecosystem based on a 360º inaccessibility approach that includes two cold systems, six integrated security layers, and more than 100 protection measures.

“We are very satisfied that a company like Bit2Me, a leader and innovator in the cryptocurrency sector, has trusted in our custody solution. The Crypto Bunker is, without a doubt, one of the most innovative and secure solutions that exist in the world. The physical-digital combination solves real problems for many operators in the crypto ecosystem. The managers of these funds are increasingly aware of the need to have the most advanced capabilities for the protection of their assets, and Prosegur Crypto responds to this need without having to address the high investments they require”, hailed Raimundo Castilla, CEO by Prosegur Crypto, about their partnership with the exchange in the exclusive press release.

Prosegur furthers the purist crypto native, “Not your keys, not your coins.” One of the main propositions of Progesur is that the keys are air-gapped, i.e., they are not connected to the internet at all. The physical storage facility of the custodian is guarded by armed guards is an indication of the security measure the firm takes for its client’s assets. As per Castilla, the combination of such bank-level physical security and online cold storage technology, the platform is one of the safest places to hold digital assets for crypto entities out in the financial world.

Showing confidence in their security infrastructure, the custodian has announced a $250,000 bounty for any hacker that is able to hack into their cold wallets. This will ensure that Bit2Me’s clients benefit from the confidence that has a level of custody of such characteristics.

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Prosegur and Bit2Me Balance Security and Accessibility in Blockchain
 

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