HYPR, a biometrics security firm, and BitGo, a bitcoin security platform, joined in a partnership to bring biometric authentication to the blockchain space.
The BitGo-HYPR partnership is designed to enable a seamless customer experience and fulfill security needs. By doing so, it is able to provide clients with a decentralized identity through HYPR-Secure biometric login and the integration of BitGo’s multi-signature platform for HYPR customers.
“It’s astounding how often our enterprise clients request a solution for blockchain security upon integration of our technology. BitGo and HYPR share a common view of the importance of decentralized security protocols. I cannot imagine a better team to partner with,” George Avetisov, CEO of HYPR Corp., said.
This partnership will also help financial institutions looking to adopt blockchain/biometric security tech as a way to make the experience easier for their customers by offering two solutions in one. It also brings together the adoption of Fast Identity Online (FIDO) security standards.
“All of our customers are asking how to use biometric security to protect their digital assets. The HYPR team has been laser-focused on this and provides a great solution for us,” said Mike Belshe, CEO of BitGo.
According to figures provided by the company, BitGo secures over $1 billion per month in digital assets, with over 10,000 transactions on any given day. HYPR enables enterprises to keep encrypted biometric data decentralized, offline and out of hackers’ reach.
“The introduction of HYPR’s decentralized biometric security platform to the digital asset space alongside BitGo enables an unprecedented push towards enhanced usability and security across blockchain-centric use cases,” the companies said in a news release.
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