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The new technology enhances client identity verification before performing self-trades on its platform.

LOS ANGELES, Sept. 4, 2019 /PRNewswire/ — Bitcoin IRA, the world’s first, largest and most secure digital asset IRA technology company that allows clients to purchase cryptocurrencies for their retirement accounts, today announced Advanced Biometric Security (ABS) is now available on its 24/7 self-trading retirement platform.

The ABS biometric security process uses machine learning, face-based biometrics and verification to confirm the identity of the person performing self-trades on the Bitcoin IRA platform. The ABS feature goes beyond traditional authentication methods to deliver a significantly higher level of assurance and establish a trusted digital identity.

Advanced Biometric Security feature is available today to all individuals completing an application online and it will be expanded to self-trading later in September.

This new feature follows the company’s announcement in June of its partnership with BitGo Trust Company. As part of the announcement, Bitcoin IRA, with custody provided by BitGo Trust Company, now provides its clients 30% lower custody fees. BitGo Trust Company carries $100 million custody insurance, military-grade security with SOC 2 Type 2 certification and bank-grade Class III vaults.

Chris Kline, COO of Bitcoin IRA said:

“Security is of paramount importance to self-directed cryptocurrency investors. In addition to our world-class custody security offering with BitGo Trust our new feature elevates the standard in the industry by going beyond traditional security methods.”

Individuals looking to add cryptocurrencies to their retirement accounts can visit bitcoinira.com. Existing clients can add Advanced Biometric Security by visiting app.bitcoinira.com/verification.

ABOUT BITCOIN IRA
Bitcoin IRA, available at bitcoinira.com, is the world’s first, largest and most secure digital asset IRA technology company that allows clients to purchase and sell cryptocurrencies and other digital assets for their retirement accounts.

The company provides the technology for self-directed retirement accounts which allows clients to set up a qualified digital asset IRA account, transfer funds from an existing IRA custodian, execute cryptocurrency trades in real-time 24/7 through a leading OTC liquidity partner and then move the funds into an industry-leading multi-signature digital wallet from BitGo, Inc.

Since 2016, Bitcoin IRA has processed over $350 million in investments, gained over 4,000 clients and received more than 450 5-star client reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications.

Bitcoin IRA is a financial services technology provider and as such is not a financial adviser, cryptocurrency exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Los Angeles.

Learn more about Bitcoin IRA at bitcoinira.com or call 877-936-7175.

Education Background

The prominence of Bitcoin at higher education institutions suggests that college and university students are engaged and interested in cryptocurrency. This post is largely in response to the claim that Bitcoin is unpopular with students, issued in article by cryptocoinnews.com and the Boston Globe. In these articles, authors use an MIT study to support the theory that Bitcoin is not popular with students. The study was conducted by two MIT students who raised $500,000 for research. Using the funding, they issued $100 in Bitcoin to every undergraduate student on campus. Over the course of the two-year study, they monitored usage rates and foudn that 3/5 students stopped using Bitcoin and cashed in for $100 USD. News outlets have taken this as an indicator that Bitcoin is unpopular with students in this demographic. However, upon scrutiny, these findings are not robust.

To offer a personal opinion, an adoption rate of 40% for a currency that could revolutionize finance seems significant. Ignoring opinions, college student expenses are high. The opportunity cost of holding onto $100 in cryptocurrency for academic purposes deserves recognition. These two considerations warrant a high level of skepticism in considering the headline conclusions from news sources.

Signals of Growth

Even if the study demonstrated low adoption rates of college students, Bitcoin’s presence in higher education has increased in tangible steps. Elite educational institutions, such as Stanford and NYU, now offer Bitcoin development and litigation classes. Princeton released its first draft of a Bitcoin textbook earlier this year. The visible growth of Bitcoin is due to a growing demand from students.

An Important Demographic

The debate surrounding Bitcoin’s popularity begs the question: why should investors care? As a succinct answer, college students today can help predict the future of the currency. As classes develop to clarify the legal status of Bitcoin, or promote the development of Bitcoin and blockchain apps, usage will become increasingly widespread. Positive usage rates positively impact Bitcoin value.

Tag: Cryptocoinnews

Bitcoin IRA™ Now Offers Advanced Biometric Security For Its 24/7 Self-Trading IRA Platform

Bitcoin’s Rising Role in Higher Education