Problem: What happens to your crypto after your death???
People are increasingly adding digital assets to their investment portfolios. These assets are usually in the form of cryptocurrency.
Nearly everyone is familiar with bequeathing physical assets, but the process of transferring cryptocurrency after you die might not be as popular or totally difficult. Results from an Angus Reid study in Canada revealed that
“Only one in four people has shared all of their account and password information with another person.”
Some of the leaders in the crypto world have advised investors to ensure that their Bitcoin fortune remains in the family and doesn’t disappear. They claim that the smartest way to do this is to share your private crypto keys with a trusted family member or friend.
If your account and password details remain a secret, then what happens to your digital assets when you die? Does your will include instructions for Cryptocurrency inheritance?
Crypto investors can make secure electronic transactions easily with their cryptocurrency Wallet App. Users have control over their assets and protection against fraud. The only way to access virtual currency is with a private key, which is usually a 64-digit passcode.
It’s estimated that tens of billions in unclaimed assets are lost after someone dies, either because no one else is aware of the accounts or because nobody has the credentials to access them. After you die, will your beneficiaries have access to your cryptocurrency private key to inherit your crypto?
Horizonpad-Vault: Transfer the crypto Information safely with your family without any fear!
With the Horizonpad vault, users can be able to store their wallet/savings data in our vault and use the blockchain to generate access keys by locking the data. hence giving the access keys to their family.
Fear: The Family might breach your portfolio???
No!!!
The family have the owner’s access key but doesn’t know where the user vault is, we know where the user vault is but we don’t have the owner’s access key, once they contact us, we will contact the owner first, If confirmed dead, the family must provide relationship evidence, after all stages passed, we will give them vault access as your next of kin.
