- PAC has announced that its next-generation, an institutional-grade wallet is now available on both Android and iOS mobile operating systems.
The MultiPAC Wallet is a revolution for the security and management of cryptocurrencies. The platform provides complete policy control and vault-like security over the funds via PAC’s decentralized private key control system.
Crypto owners are now able to employ a highly secure solution without having to constantly move funds from costly and time consuming hardware-based wallets or custodial services. The solution is the first of its kind to use a flexible, multi-member technology to enhance the security and agility of crypto funds, as well as provide a business policy framework for the movement of funds.
Chris Weddle, Founder of PAC, states "mainstream adoption of cryptocurrencies has been limited as there is no easy way to securely govern the movement of funds without resorting to cumbersome offline storage. MultiPAC solves this by providing an accessible, easy to use online solution via the app store. Now anyone can download the app and quickly create accounts with the option for additional signing members. This provides both digital security and policy security over the funds, and is a perfect complement to custodial services, or may be used as a stand-alone solution.”
Unlike earlier attempts at policy driven frameworks and multi-signature wallets, MultiPAC can provide flexible multi-member wallets with as few as one signing member, or as many as 22 – potentially across any crypto coin or token. MultiPAC is the only business-grade wallet to be available as an app, removing the cost of hardware and maximizing its availability to a global audience.
The app has launched with support for multiple currencies – Bitcoin, Bitcoin Cash, Litecoin, Dash, Dogecoin and Ethereum. PAC has also announced that support for EOS and Ripple will be added soon, with more planned in 2019 making MultiPAC one of the most feature packed business grade wallets available.
The PAC team says that future versions of MultiPAC to have support for more coins as well as advanced crypto-banking features.