Bitcoin Suisse Launches New Crypto Versions of Banknotes
by Fintechnews Switzerland September 20, 2019Bitcoin Suisse AG has launched a new series of its renowned “Crypto Certificates”; high quality and secure paper wallets in the form of a series of bills in a quality comparable with that of official banknotes.
Available exclusively to Bitcoin Suisse clients, this all-new series of the physical crypto certificates are available in various crypto-currencies and denominations.
They claim it is designed and produced with state-of-the-art security features, allowing holders safely both store and transact crypto assets offline.
Protection against forgery and tampering is guaranteed by several protection mechanisms such as next-generation Nanocrypt™-Holograms (OVD) and optically variable OptiSafe® security printing colors, the use of UV-ink as well as many more features.
Each certificate has two keys – one public and one private. The public key contains the unique address of the respective blockchain protocol, similar to a traditional bank account’s “IBAN” number and is visible for everyone. The private key (secret key) provides access to the funds and is hidden behind an optically opaque coating with optical security features to protect against counterfeiting and tampering.
To access the funds stored on the certificates, this coating must be rubbed off and the private key revealed, which prevents misuse or reuse of the wallets. The private key associated with each certificate only exists as part of each certificate, and great care was taken in the generation of high-quality random seed keys for the certificates, as well as ensuring that only the copy on the certificates themselves remain in existence.
Bitcoin Suisse AG claims that the production of the certificates took place under the strictest security measures, during which the private keys were always kept under lock and key and that no electronic copies were ever kept in any system past their use, extending to even the destruction of hardware involved in the key handing.
The new Bitcoin Suisse Crypto Certificates are denominated in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), Tezos (XTZ) and CryptoFranc (XCHF) and are available for purchase through Bitcoin Suisse Online. Additionally, certificates are available in DAI as well as other crypto asset denominations, these will only be publicly offered at a later stage.
Niklas Nikolajsen
“The new series of Bitcoin Suisse Crypto Certificates have the look and feel of traditional paper banknotes and is, I dare say, a quite revolutionary paper wallet design. Produced and designed with quality and security in mind, they are a huge step forward in the realm of paper wallets and physical crypto-assets – while keeping a clear line back the original design ethos.
Quality and state of the art from end to end – including key generation and production process, to the refined design and the many forgery-proofing protection mechanism. While it may seem counter intuitive and almost a step back in time to make physical representations of crypto-currencies, they do serve a niche and have various solid use cases, and if one wants physical crypto assets, this is in my view, the best product available on the market!”
said Niklas Nikolajsen, Founder and Chairman of Bitcoin Suisse, who was personally involved in the creation and design of the new certificates.
Featured image credit: Bitcoin Suisse AG
