A Swiss tech company known for its privacy services has released its own Bitcoin -Proton Wallet.
According to Proton, the wallet is available to Android and iOS smartphone owners and allows them to buy, store and send Bitcoin without the intervention of centralized platforms.
Unlike traditional cryptocurrency companies, Proton has no direct ties to the blockchain industry. The company specializes in privacy-focused products such as Proton Mail, Proton VPN, Proton Drive, and Proton Calendar.
Although not a cryptocurrency company, Proton has been supporting the adoption of Bitcoin for years. The company has stated that it accepts the flagship cryptocurrency as payment and donations, and even holds it in its reserves.
In addition, Proton founder and CEO Andy Yen said in an interview that Bitcoin played a decisive role in the early days of the company.
During the Proton crowdfunding campaign in 2014, PayPal temporarily blocked our donations. Bitcoin became a lifeline. We believe that digital freedom requires financial freedom, Ian said.
And while Proton Wallet is entering a crowded market of non-custodial wallets, its developers say their product offers a unique level of anonymity. It encrypts user data and allows transactions to be made via email, eliminating the need to enter complex wallet addresses.
