More Ethereum Users Are Turning to Manual Payments: Says Casa CTO

The demand for Ethereum self-payment solutions is growing. According to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa, in a conversation with Cointelegraph at Bitcoin 2023

Lopp stated that Casa found it necessary to support Ethereum as more and more Ethereum users wanted to use the service.

Events like the 2022 FTX crash have raised awareness of the need for safe storage of Ethereum and Ethereum tokens such as stablecoins, Lopp said: “We spoke with Casa customers who suffered losses. As a result of the collapse of some parts last year. Those who keep their Bitcoins in Casa do well, but some end up losing other things, even Stablecoins, for example, because they have no way to put those into the Casa. Cold-Storage”

In response to this issue, CasaannounceIn December it added support for Ethereum. “It is controversial for some,” Lopp said, citing comments from Bitcoin enthusiasts on social media. However, the company continued to push forward with its plans because of customer demands.

“Of course it can be intimidating if you start by looking at how to keep your wallet safe,” he says, but “we’re integrating all those best practices into the product itself. for you to follow the instructions of our software; And it puts you in a position where you don’t incur a catastrophic loss.”

Lopp describes Casa’s service as a “highly secure cold-storage setup with distributed keys,” originally targeting “whales” paying $10,000 a year to maintain it. But it has expanded to the point where it currently offers a free version with limited features.

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