BITCOIN EXCHANGE COINMATE.IO TO UTILIZE TREZOR WALLETS TO OFFER ‘BANKING GRADE SECURITY’

CoinMate.io has been in beta since December, but has finally gone public. The Britain-based Bitcoin to fiat exchange bills itself as offering numerous security features which it believes the whole industry should adopt. In particular, the exchange plans to use Trezor hardware wallets to secure coins stored with it.
CCN spoke with Roman Valihrach, CEO of Confirmo, LTD, the parent company of both CoinMate.io and BitcoinPay.com, via Skype. The company also owns BitcoinPay.com, a service not unlike BitPay, BitNet, or BitKassa. On the issue of security, it was chief among his concerns:
We know [inventor of Trezor] Slush. He’s from Prague. He had the Slushpool, and now he introduced Bitcoin Trezor, which is a hardware wallet. So we’re in talks with him and we want to some kind of co-operations that will offer his solutions to our clients. We use it ourselves. […] We have experience for ten years working with payment systems.
The exchange takes sort of a ‘no cash on hand’ approach to Bitcoin security, similar to the way cab drivers, restaurants, and bars will only hold a limited amount of cash at any given time. Very busy establishments and drivers will make regular deposits, and similar to this, the company, as a rule, does not keep more Bitcoin on the server than is necessary. In his words, he said:

This post was published at Crypto Coins News on 28/04/2015.