Darin Stanchfield believes a destiny of bitcoin depends on security. The crypto-currency has a lot of potential, he says, though customarily if it can be reliably stable from cyber attacks. That’s because he combined KeepKey, a device to strengthen bitcoins from theft.
“When people initial learn about Bitcoin, it is customarily from stories involving theft,” pronounced Stanchfield. “Handling digital currencies requires near-perfect security, that is tough for many engineers let alone unchanging consumers.”
Stanchfield founded a Kirkland, Wash. startup in 2014 after Mt. Gox, a world’s largest bitcoin exchange, lost $600 million value of customers’ bitcoins due to hacking.
In May, KeepKey acquired a program wallet association MultiBit and in Aug a association done an formation understanding with ShapeShift to concede business to firmly barter bitcoins on a KeepKey device.
“That preference has led to many doors opening for us and new business for the services,” said Stanchfield.
GeekWire held adult with Stanchfield for this installment of Startup Spotlight, a unchanging GeekWire feature. Continue reading for his answers to the questionnaire.