Casa’s new ‘Bitcoin Inheritance’ product aims to protect generational wealth.

Bitcoin self-storage platform Casa has announced the launch of a new inheritance product, Casa Inheritance, for its global customer base.

Known for helping cryptocurrency investors secure BTC and other digital assets through multi-signature vaults, Casa aims to make it easy for customers to transfer digital assets to their loved ones when they pass away.

“What we’ve found through conversations with our customers is that their family members don’t know how to use hardware wallets and don’t want to use them,” Casa Nick Neuman, co-founder and CEO, told Bitcoin Magazine.

“This (product) makes for a really comfortable experience. They use the Casa mobile app to access their funds. “It reduces anxiety when you’re already feeling quite anxious,” he added.

Casa Inheritance uses multi-key vaulting, the technology behind all of its products. To access these repositories, customers must use a combination of different private keys, a security protocol known as multi-signature, or “multi-signature.”

Casa Inheritance offers a three-key safe and costs $250 per year, according to a press release shared with Bitcoin Magazine. To unlock the funds in the safe, users only need two of the three keys.

The setup and transfer process is as follows: Casa customers grant recipients access to one of their encrypted private keys through the Casa app. If the customer is incapacitated, the recipient can request access to the vault through the app and a six-month waiting period begins.

The customer will be notified of the request. If you do not opt ​​out, the recipient will be able to access your account using the private key you shared and any other private keys held by Casa. All of this is done without any Know Your Customer (KYC) requirements.

Originally, Casa only offered this type of service to its private client members, but as spot Bitcoin ETFs hit the market, Casa has received more inquiries from people who want to hold physical BTC and transfer it across generations.

“Since the ETF launched, we have received more inquiries from people who realize that one of the biggest benefits of Bitcoin is that they can own it directly,” Neuman told Bitcoin Magazine.

“For people who use Bitcoin as a hedge against the systemic risk of the existing financial system, you can’t hold Bitcoin in an ETF and still have the same investment principles,” he continued. “So (our new clients) have been thinking: See what type of solution actually aligns with their thesis. What aligns with that type of hedging is self-custody.”

“So you have to think about this: How do we have a solution that solves all the problems that need to be solved when it comes to entering into secure, easy to use, and meaningful contracts within the realm of self-custody?” How much does Bitcoin cost? Can you get a lot of wealth? And inheritance is a big part of that. (They) need to make sure that wealth can actually be passed from generation to generation.”

For more information about Casa Inheritance and Casa’s other products, please visit the company’s website: https://casa.io/.