Swiss multi banking application turned self-custody solution Numbrs has launched a bitcoin account service that facilitates sole access to the account holder; aligning with Switzerland’s global reputation as a secure haven for private wealth.
The Swiss blockchain software technology company has introduced an institutional-grade Bitcoin self-custody solution through the launch of its Numbrs Bitcoin Account. The company has cited private investors who hold Bitcoin as its targeted customer demographic.
The USP of this service is its level of access. The account’s private key is held exclusively by the account holder, and not even Numbrs’ systems or staff are able to decrypt their clients’ Keys, identify clients, or access the contents of their accounts.
Facilitated by a personal investment of $50million from the company’s founder Martin Saidler, the Numbrs Bitcoin Account has been created in the spirit of Switzerland’s long traditions of offering a secure haven for private wealth; benefiting from privacy, neutrality, stability and a favourable view of Bitcoins.
In addition to features such as receiving, sending and paying with Bitcoins, Numbrs offers its account clients exclusive in-house research that analyses the impact of Bitcoin on markets, the economy and society.
The data is directed by a team of researchers, entrepreneurs and computer scientists with many years of experience in the Bitcoin space.
Speaking on the launch of the service, Fynn Kreuz, Chief Executive Officer at Numbrs, remarked: “We believe that Bitcoin will become the basis of a new monetary system and thus play a central part in long-term wealth preservation. We have been big supporters of Bitcoin for many years and have invested in Bitcoins ourselves early on.
“We were looking for a solution that would grant us safekeeping of our Bitcoins, similar to a Swiss account at a private bank. For this reason, we built our own account. We are deeply rooted in the Swiss tradition of neutrality. This means that we are always able to act in the best interests of our clients. All of our actions are guided by our overarching goal: to provide our clients worldwide with the safest place to store their Bitcoins.”
Through years of development, Numbrs evolved from a multi-banking application to a global self-custody solution to secure and protect Bitcoins in Switzerland. They have cited their role models as the Swiss private banks who have managed to store their clients’ assets discreetly and securely for centuries.
