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BitDirect.io

South Africa
Market: Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 21.11.2022
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Idea

BitDirect is a shared custodial bitcoin management platform that uses hardware devices and multi-signature wallets.

Current Status

Launch date 1st Jan 2023

Problem or Opportunity

Exchanges are too insecure to store bitcoin, and storing bitcoin on a hardware device without a multi-signature wallet is too daunting for most people.

Solution (product or service)

Introduce an easy -to-use, 2-of-3 multi-signature platform coupled with hardware devices
(Trezor& Ledger), where BitDirect, the Co- signer / Advisor, and the Client all hold a single private key.

Business model

BitDirect charges 0.25% p.a. of bitcoin stored.
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