Bitalo Launches Multi-Service Bitcoin Platform; Focuses On Bitcoin Use As Real Currency

Bitalo, a Bitcoin multi-sig wallet and decentralized exchange, has launched a new platform that tries to focus on Bitcoin for its use as real currency. The company has recently launched the second generation of its website and released a fully integrated multi-service platform:

• Wallet: store bitcoins securely as never before
• Exchange: trade bitcoins on a decentralized exchange
• Marketplace: sell goods and products for bitcoins
• Services: offer any kind of service for bitcoins
• Travel: Rent a place or rent out your place for bitcoins
• Predictions: Earn bitcoins by predicting the bitcoin price via social intelligence.

The new platform has user-side encrypted multi-signature hierarchical deterministic (HD) wallets that it highly secure. Moreover, backup transactions enable users to get the bitcoins out even when the website is completely offline and the whole database is lost.

“Finally bitcoin can be used as real currency and practically everybody can now bring any kind of service or product to the bitcoin community, be it a private haircut for your neighbour or sell your self-made hats, at Bitalo you can create an offer in less than 1 minute”, the press release said.

Also, Bitalo includes social network elements that enable communication between users in a fully encrypted environment where even the site administrators cannot read the communication.

Bitalo assures users that they need not worry at all about the bitcoin handling as everything goes via multi-signature escrow directly into the highly secure Bitalo wallet where only they have access, even when the website goes completely offline. In case of dispute between users, Bitalo provides full dispute resolution and can only access funds with explicit consent of either seller or buyer.