Onramp launches business Bitcoin accounts that require a second person’s approval for withdrawals.
The Austin-based company offers free business accounts that users can open in their own names. Withdrawals require a second person’s approval; its higher-tier Treasury plan distributes keys across three institutions.
· Two-person approval directly addresses the risk of one person holding the private keys alone.
· The material juxtaposes the product launch with an increase in “wrench attacks,” but doesn’t explain whether the product can prevent physical coercion or provide data on such attacks.
For companies holding Bitcoin, which is more likely to slow down a forced transfer: two-person approval or distributing keys across three institutions?
The Austin-based company offers free business accounts that users can open in their own names. Withdrawals require a second person’s approval; its higher-tier Treasury plan distributes keys across three institutions.
· Two-person approval directly addresses the risk of one person holding the private keys alone.
· The material juxtaposes the product launch with an increase in “wrench attacks,” but doesn’t explain whether the product can prevent physical coercion or provide data on such attacks.
For companies holding Bitcoin, which is more likely to slow down a forced transfer: two-person approval or distributing keys across three institutions?
