Balance offers secure offline storage for Bitcoin, Ethereum, Litecoin, Dash, Ripple, Stellar Lumens & others 22238
News
Madhurima Roy
Sep 3, 2018 at 5:00 PM

Balance, a Canadian pioneer in digital asset management and storage services, has recently unveiled its Balance Custody. Balance Custody is a secure offline storage and digital asset management solution that will a boon in the fields of finance and banking. The solution will likely offer “military grade security” and will also support eight major crypto assets.

The available virtual currencies on Balance

With the newly included feature, traders can now buy and sell large volumes of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Ripple (XRP), and Stellar Lumens (XLM) on Balance’s platform.

The company that claims to offer ‘the safest way to buy a mix of digital currencies’, works with its focus on price stability that will help traders to use crypto assets as cash. Balance is now the first of its kind in Canada to bring such a deal publicly.

Excited at the latest initiative, Ethereum Classic announced on Twitter: “Balance adds Ethereum $ETC along with 7 others to its secure offline storage and digital asset management solution #EthereumClassic #ClassicIsComing

Digital Asset Cache technology automates the creation, transaction, and liquidation of collections of digital wallets. “While trying to put together a proof of concept we quickly discovered that the APIs and interfaces exposed by most blockchains are limited in functionality. Implementing a robust solution on a *per client* basis would quickly turn out to not scale. We knew we could do better, and thanks to R&D developments in the space, we did.” said Balance CEO George Bordianu.

 

SEE ALSO: Binance comes in full support for Africa; says the country needs stronger financial structure and scalability

SEE ALSO: Blockchain continues to grow in Asia, report suggests

 

Image via Shutterstock

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