Surprisingly, until recently, Bitcoin was not recognized as something worthwhile. And now it costs decent money and can be inherited!
Custodian startup Casa introduced the Casa Covenant solution, which should solve the problem of transferring crypto assets to the heirs in case of the owner’s death.
Typically, people for these purposes either trust the family member with wallet passwords or use a third-party credential custodian. But in the first case, the owner of cryptocurrency assets may lose them during his lifetime, and in the second case, heirs may not gain access to assets.
Casa Conenant is a comprehensive asset inheritance solution that complies with United States law.
“The best choice for a lawyer is to keep one key from the client’s wallet, which is created using the multi-signature technology,” said Casa representatives.
Technically, the solution adds an optional key to the Casa multi-signature wallet. The startup launches a service that provides access to the services of a special lawyer, who will have an additional key stored. The service also takes care of all issues related to the training of cryptocurrency asset owners and their heirs.
Sometimes the death of a person who controls cryptocurrency wallets can lead to significant consequences not only for his relatives. So, the unexpected death of the founder of the QuadrigaCX exchange led to the loss of access to cryptocurrencies in the amount of almost $ 190 million.
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