Opendime: the ‘Disposable Hardware Wallet’
Just recently we reported on Coinkite starting a “new phase” within the company’s objectives. The business decided to drop its web wallet service to focus its concentration on new hardware devices and standalone Bitcoin terminals. Now Coinkite has revealed one of the first projects called Opendime (opendime.com), a USB stick that acts like paper money....
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Today I received my three OpenDime (opendime.com) devices in the mail, which came from Toronto via the Coinkite headquarters. I decided to give the product a review for all you Bitcoin.com readers to get an inside glimpse on how the device operates. OpenDime: The First Hardware Bitcoin Bearer Bond. The package I received was small and contained three....
On the day after American Thanksgiving, bitcoiners (along with everyone else) will begin their holiday shopping in earnest, with Bitcoin Black Friday sales competing for shopping dollars by offering big discounts. In conjunction with mainstream Black Friday, merchants in the space will offer exclusive discounts to digital currency users. Here are a few options for anyone looking to get a good deal on some crypto-friendly merchandise this weekend. Hardware Wallets. Hardware wallet manufacturers including Trezor, Ledger and OpenDime have officially announced various exclusive deals they will....
When Opendime made its ‘bitcoin stick’ with multi-signature Bitcoin wallet provider Coinkite, it called it a ‘Bitcoin bearer bond’ – that is, a bond or debt security. The controversial product, much scrutinized in 2016 by Bitcoiners, experienced concerns over counterfeiting, as well as its closed-source nature. The company has responded to the....
Demand for bitcoin hardware wallets increases as the digital currency’s value and popularity rises. There are multiple devices on the market that keep bitcoins safe in a cold storage manner. However, if the device is lost, damaged, or stolen users need to understand how to recover their bitcoin. Today we discuss restoring a hardware wallet with a seed....
Wait a minute, is River Financial involved in El Salvador’s bitcoin story? Since when? Apparently, the highly respected financial institution is now processing the Chivo Wallet’s Lightning transactions. Which seems like a step in the right direction, but also comes with seemingly unnecessary counterparty risk. Why isn’t El Salvador handling the operation internally? And, will […]