Leading self-custodial digital asset solutions company Casa is now making its ground-breaking “Casa Inheritance” feature available to clients globally. The most important issue facing self-custody today, according to Casa, is how to make the sometimes difficult process of transferring digital assets to loved ones easier. This innovative innovation attempts to solve this problem.
Users can safely manage their digital asset estate, which includes stablecoins like USDT and USDC as well as cryptocurrencycurrencies like ether and bitcoin, with Casa Inheritance.
This idea is a welcome departure from the more risky and potentially catastrophic traditional methods of inheritance, such as custodial services and hardware wallets.Casa reports that misplaced keys have resulted in an estimated $140 billion worth of lost bitcoin.
By distributing asset control among up to five keys, Casa’s unique multi-key vaults improve security and offer a strong substitute for single-key systems. Casa extended this service to incorporate ether and stablecoins in addition to bitcoin last year in response to customer demand and improvements in Ethereum compatibility.
By using a multi-signature (multi-sig) technique, money is protected even in the event that one key is compromised because transactions need clearance from several devices. Casa also provides an extra degree of protection by keeping a backup key for users and providing an emergency recovery service.
By sharing encrypted keys with a specified recipient using the Casa app, members can offer conditional access to their vault through the inheritance feature. If a recipient becomes incapacitated, they can seek a transfer, which starts a six-month waiting period during which Casa tries to get in touch with the member. The receiver can access the vault only after this time.
