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Casa, Leading Bitcoin Security Company, Adopts Ethereum

On November 30, the Bitcoin security company Casa plans to expand the scope of its offerings to include Ethereum and assets based on Ethereum. A statement from the company says that Casa, which gives users easy-to-use security infrastructure for keeping self-custodial cryptocurrency wallets, will start giving its members Ethereum compatibility in January.

Until recently, the firm focused only on providing security services for Bitcoin-related assets. CEO Nick Neuman and prominent Bitcoin supporter Jameson Lopp were among the founders of the business in 2018. According to Neuman, the decision to extend the company’s capabilities was driven by the very high demand for Ethereum support from the company’s current customer base.

At first, the leadership of Casa had some reservations about Ethereum’s ability to maintain its position at the forefront of the cryptocurrency ecosystem. However, Neuman acknowledged that a great deal of progress had been made since 2018.

The Casa Wallet software is available for retail Bitcoin holders to use at no cost, and the company plans to release a new and improved version of the programme in January that is compatible with both Bitcoin and Ethereum. The company also provides more sophisticated protection services for paying clients who have larger holdings, and in 2023 it will roll out new membership categories to accommodate the growing demand for its services. All of Casa’s ambitions are, at their core, predicated on the idea that consumers will continue to exercise independent custody over their cryptocurrency holdings.

The startling failure of the cryptocurrency exchange FTX earlier this month has led to a growing level of distrust towards centralised cryptocurrency businesses that function in the same capacity as conventional financial intermediaries for crypto assets. Companies such as Casa argue that the freedom for each cryptocurrency holder to govern their own money is key to the notion and promise of cryptocurrencies.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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