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Coinbase Vault Goes Live to Provide Security for Storing Large Bitcoin Amounts

Recently a new Bitcoin vault and wallet, Xapo Bitcoin Wallet, was launched by Wences Casares, CEO and co-founder of Lemon Wallet (which was later sold to LifeLock for $42.6 Mn). On July 25, 2014, Coinbase, a provider of trusted and secure third-party payment processing, launched its own vault designed to provide greater security.

How does it work? < ...

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