Medici Ventures, the blockchain technology subsidiary of Overstock.com, has announced that its portfolio company Bitsy.com has begun a limited beta launch of a digital wallet service supporting bitcoin purchases.
The initial beta release will support bitcoin only, but additional cryptocurrencies are expected to follow soon. Bitsy users hold the actual real bitcoins and have complete control over their funds, including the ability to move or spend cryptocurrency. Biometric security will safeguard against hacks and lost passwords. In the event a wallet is lost or destroyed, Bitsy’s key recovery system offers a way to recover funds.