Secure crypto payment solutions made easy

If you have a regular US dollar in your wallet, one of its biggest advantages is you know roughly how much it's worth on any given day. Setting dramatic economic events aside, you know pretty much how much milk, gasoline, or fried chicken your dollar will buy, which gives you and the economy in which you operate the sense of stability needed in order to function.

Consider this situation… you own an electronics store and are looking to buy a shipment of branded TVs from a supplier you’ve found. The problem is, you’ve never dealt with this supplier before and you're understandably a little worried about their trustworthiness. As for the supplier, they’ve never dealt with you either, and the same concern applies to them. While you may be unwilling to pay for the TVs until you’ve received them and checked their quality, the supplier is equally unwilling to dispatch the goods until they’ve received payment from you. It’s a frustrating situation for both parties that can only be solved by introducing an element of trust.

When it comes to cryptocurrencies, or any other financial product for that matter, the central concern is data security — how do you stop people running off with your money? Cryptography has long been the answer, with scrambled data only able to be decoded if a user has the ‘key’ to the code. Needless to say, this ‘private key’ needs to be stored safely as anyone who has access to it can use it to transfer assets to their own account — or in the blockchain world, to their own crypto wallet. It’s in this area of private key security that MPC technology (Multi-Party Computation) has become one of the most effective tools around.