Coincover launches Cryptocurrency Will in partnership with BitGo

Coincover has launched their new product, Cryptocurrency Wills. The product is a response to an estimated four million Bitcoins – worth $30bn – lost as a result of people dying without adequate plans in place.

Without a robust retrieval mechanism, once Bitcoin is lost it is lost forever. Coincover will help executers and beneficiaries retrieve cryptocurrency funds in the event of the owner’s death with the Cryptocurrency Will Kit.

The product will be launched in partnership with BitGo – a market leader in institutional-grade multi-signature hot wallets processing 20% of all global Bitcoin transactions and $15bn per month across all cryptocurrencies.

In order to use the Cryptocurrency Will Kit, customers must store their cryptocurrency in a multi-signature BitGo wallet, which will require at least two keys. The keys will be ID numbers that give you access to your Bitcoin to authorise a transaction to ensure heightened two-factor authentication security.

When you die, either your…