Bitcoin Security Firm Casa Announces Roll Out of Ethereum-Compatible Services
Casa’s statement on November 30 announced plans to include Ethereum compatibility in services offered to users in January. The company that provides user-friendly security features for self-custodial wallets targets the expansion to Ethereum-based assets.
The Wednesday statement admitted that increased demand for Ethereum support by Casa clients prompted the expansion. Similarly, Casa leadership stated that the broader crypto community has readily adopted Ethereum-based assets creating a need for support.
Overwhelming Demand for Ethereum-Compatible Services
Casa chief executive Nick Neuman has admitted doubting Ethereum’s centrality as a reliable crypto ecosystem. However, Ethereum has evolved to prove its centrality.
The Casa co-founder notes that the Ethereum ecosystem has attracted an increasing community and developed activities. Today, the ecosystem has won trustworthiness in facilitating smart contracts. Neuman acknowledged the accomplishments above created an overwhelming demand for security infrastructure.
Casa leadership admits the crypto space has significantly evolved, compelling them to reconsider expanding beyond the exclusive security services offered to Bitcoin.
Revamped Services Package
Besides, the firm promised to revamp the free-to-use application currently available to retail Bitcoin holders. The updated version debuting in January 2023 will feature Bitcoin and Ethereum compatibility. Neuman confirmed Casa would offer an advanced security package targeting whale holdings users.
While Casa plans to expand to additional membership tiers, it commits to empowering users to retain custody and exercise sovereignty over their crypto assets.
The Wednesday statement waded the dramatic FTX collapse by acknowledging skepticism of trustworthiness in centralized crypto actors offering conventional banking intermediary functions. Casa retaliated its commitment to empowering crypto holders to exercise self-custodial rights, being a fundamental crypto right.
Neuman expressed displeasure with the billions of users’ funds trapped in the murky mechanism of bankrupt FTX. He considers the FTX calamity yields a considerable lifeline for self-custodial advocates.
Casa’s Stance on Decentralization
The FTX collapse with billions of users’ funds potentially lost validates Casa’s stance on self-custody. In particular, Casa believes the best security is realizable when the owner exercises control and access to digital wealth.
Neuman’s statement portrayed optimism of the FTX contagious events becoming the wake-up call prompting crypto holders to retreat to the decentralization principle. Such realization is critical to shift from the present dominance of centralized crypto actors, such as Binance and Coinbase.
While Neuman considers that concentrating customer bases will gradually decline, centralized crypto firms will not cease operations. Instead, the average crypto holders will swap to self-custodial wallets of their digital wealth.
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