New iPhone controlled crypto vault promises “bank grade” security

posted 3 months ago
Trustology, founded by technologists who previously worked at banks such as BNY Mellon, RBS and Barclays, launched an iPhone-controlled crypto vault it claims is secure enough for financial institutions. TrustVault is available for download at the Apple UK App Store, and can be used to store Bitcoin.

TrustVault uses a combination of hardware security modules operated by Trustology with verification processes distributed among individuals at secure data centers. Trustology identifies its customers upfront, and if the phone is lost, the account can be recovered with the company since the private keys to the crypto wallet are not stored on the device.
Tags: bitcoin, news