Case Gets $1.5 Million Seed Funding, Looking Beyond Bitcoin Wallets

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term hardware wallet provider Case has secured $1.5 million in seed funding, led by FuturePerfect Ventures. Other investors include RRE Ventures, High Line Venture Partners and the Rochester Institute of Technology Fund.

Case unveiled its biometric wallet last year and expects the first 1,000 units to be shipped this summer. The wallet is secured with multisignature technology, using a 2-of-3-key scheme where all private keys are stored in separate locations. It is also biometrically secured, requiring a fingerprint swipe in order to sign transactions. According to its website, Case is "building the world's most secure wallet platform."

The device connects to the Bitcoin network through local mobile carriers.

CEO Melanie Shapiro indicated that applications beyond Bitcoin's currency are envisioned, namely the authentication of transactions based on the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term's emerging technology. She said in a statement, "Making highly secure signing and authentication available across a variety of applications is just the beginning."

The wallet costs $199, excluding shipping and handling, and processing fees (which can be avoided if paying with bitcoin).