Bitcoin payments processor BitPay has announced that Copay, its multisig bitcoin wallet, is set to leave beta today.
Like other multisig products, a predetermined number of parties must 'sign off' each Copay transaction before it is broadcast to the bitcoin network.
The app, which has been in development for over a year, is fully open-source and able to be "forked, changed, and developed by the community," the company said.
The launch comes as multisig security is gaining ground among bitcoin companies. Just last month, UK-based digital assets service provider Elliptic partnered with Gem to offer a custodian service for the private keys of multisig wallets.
The californian bitcoin API developer, which has raised $3.3m to date, launched its multisig wallet API back in April.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.