Proton has launched a self-custodial Bitcoin wallet, Proton Wallet, to its 100 million users. This marks a major step in digital privacy and financial freedom. The company, known for its Mail, now empowers users with secure Bitcoin transactions.
Proton Mail changed email security in 2014. It made encrypted email easy and accessible. Now, Proton Wallet aims to do the same for Bitcoin. With this Wallet, users hold their own Bitcoin. There are no intermediaries.
Bitcoin was chosen for its decentralization. Unlike traditional money, no central authority can manipulate Bitcoin. The 21 million BTC supply limit prevents inflation, protecting users from economic manipulation. Over 100,000 early-access users tested this Wallet. They held and transacted BTC seamlessly.
It puts Bitcoin control in users’ hands
The Bitcoin via Email feature simplified transactions. No long wallet addresses. Just an email. Transactions remained peer-to-peer. It never had access to users’ BTC. Starting today, users can sign up for Proton Wallet. Existing Proton users already have access.
Moreoever, according to the announcement post, buying, sending, receiving, and holding BTC is now as simple as using email. Proton Wallet is self-custodial. Users control their private keys. No one else can access their Bitcoin, not even Proton. A 12-word recovery phrase ensures access. If users switch wallets, their BTC remains safe.
Bitcoin adoption faces hurdles. Expensive hardware wallets and complex addresses deter many. This Wallet removes these barriers. It provides a seamless experience, no third-party custody, and no unnecessary risks. Users remain in full control of their funds.
Proton wallet’s early access success story
Centralized exchanges are risky. Many have suffered hacks, bankruptcies, and mismanagement, and millions of people have lost funds. With Proton Wallet, such risks are eliminated. There is no reliance on centralized platforms, no hidden fees, and just secure, peer-to-peer Bitcoin transactions.
Privacy is important. This Wallet encrypts all transactions and messages, so it cannot access your information. Blockchain syncing is simplified. Security features like replace-by-fee are more convenient to use. This Wallet is open-source and free.
Transparency creates trust. The Proton Foundation accepts BTC donations to support financial privacy. It started with email security. Now, it revolutionizes Bitcoin adoption. No Big Tech, no banks, just individuals in charge of their money. But financial freedom is within view.
