Bitcoin Payment Processor BTCPay Launches New ‘Vault' App With Multi-Wallet Interoperability

BTCPay, a Bitcoin (BTC) payments processor integrated its new Vault app to its platform according to an official report by the company. The app will allow users to directly connect their desktop wallets and hardware wallets on the platform without giving up the private key. It enables communication with BTCpay using its node to increase user experience and satisfaction while still keeping users security and privacy as its top priority.

The official BTCpay blog stated that the vault wouldn’t store the users’ private keys but rather directly connect the user to multiple wallets on their desktop to allow transaction without giving up their private keys, which the users will have total control over.

The vaults main objective would be providing a cross platform that enables compatibility with more external wallets while improving the hardware wallet user experience. With all funds being verified against users Bitcoin full nodes, users can transact on the platform without having to give up their private keys.

BTCPay extends Compatibility

The initial internal wallet that was launched by BTCPay was only compatible with external wallet options such as Ledger Nano S and ColdCard. However their newly launched product extends compatibility with other external wallets such as Digital BitBox, KeepKey, Ledger Nano S, Ledger Nano X, Trezor Model T and Trezor One cited the blog.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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