Multisig bitcoin vault maker Theya introduced yesterday it should allow US customers to buy bitcoin by means of their app and have it despatched on to self-custody by way of {hardware} wallets like Ledger, Trezor, Basis and ColdCard or by means of its multisig vaults.
๐ BUY BITCOIN LAUNCH ๐ฅWeโre launching a a lot requested, game-changing function that permits US-based customers to purchase Bitcoin immediately into self-custodial vaults.Say whats up to low charges and goodbye to complicated transfers from exchanges! pic.twitter.com/aWB9vwDErZ
— Theya Inc (@TheyaBitcoin) August 20, 2024
This distinctive function not solely consists of on the spot funding and low charges, however it removes the effort of shifting bitcoin from an change into self custody.
โWeโre thrilled to introduce this much-requested function,โ mentioned Sriram Bhargav Karnati, co-founder of Theya, in a press launch shared with Bitcoin Journal. โBy enabling direct bitcoin purchases into self-custodial storage, weโre eliminating the necessity for complicated transfers from exchanges and offering our customers with unparalleled flexibility in how they purchase and retailer their Bitcoin.โ
Different key advantages of this new function embody a fast id verification course of, which ensures quick and safe bitcoin purchases, and in addition to the elimination of handle whitelisting (acquiring permission from an change to ship your bitcoin to a sure handle).
The brand new function at present leverages the ACH fee system for bitcoin purchases, and Theya plans to introduce a wire switch choice for bigger purchases.
To allow ACH transfers, Theya partnered with Cybrid, a regulated fee platform registered as a Cash Service Enterprise (MSB) within the US. Cybrid manages the Know Your Buyer (KYC) course of in order that Theya doesnโt have to gather, retailer or course of the non-public info of its clients.
โItโs a big step ahead in making Bitcoin acquisition each accessible and safe,โ added Karnati. โWe imagine in empowering customers with decisions in how they handle their Bitcoin, and weโre devoted to growing instruments that make self-custody simple, highly effective, and user-friendly.โ
For extra info on Theya and Karnati, see our Founders piece on the corporate and its co-founder.
