Popular Cryptocurrency App Adds Altcoins
The world of cryptocurrency has been exciting for many involved. With time passing, new forms of the currency based on the original blockchain technology have evolved such as Ethereum or Litecoin. These coins often dubbed as Altcoins or alternative coins, are based off of the original technology associated with the popular cryptocurrency, Bitcoin.
Recently, the app Coinbase has announced that they will include Ethereum and Litecoin vaults for customers. The company has stated that the assets will be “in line with our current Bitcoin storage offerings. With vaults for Bitcoin, Ethereum, and Litecoin, customers get additional layers of withdrawal security for stored digital currency, such as 48-hour withdrawal delay and required email approvals.”
This is a big step for the company as it has traditionally been quite difficult to acquire certain altcoins. Coinbase has made it extremely easy to acquire digital currency and continues to revolutionize the market.
The company was founded on the idea that “Bitcoin owners had to choose between security or convenience when it came to storage.” They have made a secure method to not only acquire coins, but keep them as well. The company revolutionized the way the public bought bitcoin and is now doing the same with the aforementioned alt-coins.
Coinbase has stated on its website that it will give “customers the best of both worlds by providing a standard account for easy access and a vault for long-term storage.
The world of cryptocurrency is constantly evolving and becoming the financial method of the future. With more companies like Coinbase popping up on the daily, it is no wonder that these currencies are rising dramatically in popularity. The hopes are high that cryptocurrencies can become the way of the future, and help to promote a safer, more anonymous method of payment and finance as time goes on.