LastPass, the secure password manager, and vault service has announced Bitcoin support! The announcement was recently made on the company’s twitter channel. However, the exact timeline for Bitcoin support is not yet known.
We have so many online services out there meant to make our lives easy. They do, up to a certain extent except for the login process which requires passwords. With concerns about the security, creating strong passwords as per the platforms specification itself is a hard task, let alone trying to remember them all.
The sheer number of login credentials one has to maintain has increased from a couple of emails to close to hundreds of credentials, for each account. Bitcoin platforms is now another addition to the already long list of online platforms. So, if you are a Bitcoin user, there it likely that you have signed up for at least two online wallet services, a couple of Bitcoin exchanges and maybe few Bitcoin and forex trade platforms.
Online financial platforms need higher security features as the threat of hacking and cyber-attacks are also more. In order to ensure the safety of user funds, these platform insists on complex passwords and two-factor authentication. LastPass is very instrumental in simplifying the user experience on online applications without compromising on the security. With Bitcoin support, the company has realized the ever increasing demand for Bitcoin.
LastPass, the Fairfax, the VA-based company allows people to store passwords and notes in a secure vault making the whole online experience pleasurable. Currently, LastPass supports credentials for almost all widely used websites and web applications. In addition to the secure vault, one can directly use its inbuilt service to create random passwords for their accounts as well. This will ensure that their users’ account will always be secure. Even changing passwords is made easy with LastPass.
With Bitcoin support, the community can breathe easy as LastPass offers high-level encryption for user data in the form of AES-256-bit encryption, salted hashing, and PBKDF2 SHA-256. The company has a package for everyone, whether you are individual or an enterprise.
LastPass is not the only thing that is currently looking at Bitcoin, we have more and more companies considering digital currencies support.
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