Coincover, a provider of protection for cryptocurrency, has made its crypto protection technology available to individual crypto wallet holders.
Providing protection against loss of access and theft, Coincover’s preventative technology is backed by an insurance policy placed with certain underwriters at Lloyd’s of London. With this new offer, Coincover said it is making it safer for existing and new individual crypto investors to enter the digital currency marketplace.
Coincover’s personal cryptocurrency protection is a set of technologies that protect, secure and recover digital assets. Its proprietary hack checker technology identifies suspicious activity, which includes unauthorised transactions across digital wallets and analyses customer transactions to protect cryptocurrency users.
David Janczewski, CEO at Coincover, said, “Today, the biggest barrier to the widespread adoption of cryptocurrencies is a lack of adequate protection. This barrier has slowed the adoption of digital currencies, and is something we are addressing at Coincover.
“Coincover’s personal cryptocurrency protection will provide peace of mind for our customers and enable many more individuals to enter the market. Our mission is to make cryptocurrency safe for everyone to hold and use. Without a way to protect cryptocurrency assets and their investors, the market will not reach its full potential.”
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