2023-06-14 16:15:00
A 99Pay, digital wallet within the mobility application 99, theannounced new security measures aimed at customers who buy cryptocurrencies Bitcoin, Ethereum, Mana, Solana and USDC directly through the financial transaction platform.
According to the 99Paythe coins will be stored in an even more secure environment, a kind of vault, and will be under the specialized custody of BitGo, a company that works with monitoring, auditing, and prevention of online threats.
Additionally, the assets will have an insurance policy that protects against situations such as hacking, theft, human error or technological failures. The buying and selling process will remain the same and the assets can be traded in the same way.
“Security is a priority for 99Pay and we are now offering a way to make our users’ investments even more secure. We want to guarantee the democratization of access to the universe of crypto assets in a safe and peaceful way, boosting the economy and digital inclusion”, said the head of crypto assets at 99Pay, César Trevisan.
Therefore, 99Pay users with cryptocurrencies will have the specialized custody of BitGo, which will be responsible for storing the amounts that were acquired through the intermediation of 99Pay via a partner broker.
On the other hand, the 99 platform highlighted that, even with new layers of security offered, it is essential that the user takes additional measures, such as not sharing access passwords with third parties and distrusting requests for information.
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