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.