Alex Charfen and Price Givens have officially launched BitcoinWallet.com and their goal is to present the website as a social, consumer-friendly, and transparent digital currency wallet. Charfen and Givens, who are business partners and longtime friends, have high hopes for their new project. Charfen, the co-founder of BitcoinWallet said,
“It’s the first [Bitcoin] site where commerce and community connect. Other sites that have done this, they’re successful for a reason. Put a human connection to commerce and suddenly it becomes more intriguing.”
Benefits of BitcoinWallet
Technical date pages on their website shares information about the wallet’s financial aspect and the amount of bitcoins the site is holding in both online aka hot and offline aka cold storage. The number of user, account openings, transactions per week are also listed in these pages.
According to Charfen, having transparency on the website is very important and vital for it to thrive and succeed. He stated that with a lack of transparency, a lot of issues can come about, putting you and your company in hot waters. He further commented that of the reasons for the collapse of Mt. Gox, was a lack of transparency on the part of the ex-bitcoin exchange. Talking about the sentiments of people toward his project, Charfen said,
“Some people say it’s crazy for us to put all this stuff out there.”
Talking about the available data on the website, Givens stated that it is something no bitcoin facility has ever done and this is their confirmation of solvency. The cold storage addresses are visible to customers and serves as a verification of funds and the total of liabilities. Furthermore, each user is able to verify the amount of money the company holds and check that their individual balance is part of that large number.
BitcoinWallet has a friendly customer service and the website will display the number of customer service inquiries made and of those which of them have been solved.
The new bitcoin service provider will provide ease of transaction by replacing the 15 digit key that users use to make bitcoin transactions with just entering your name. Users can also upload photos and give a brief bio about themselves. Even though BitcoinWallet does not currently have a review and rating system, Charfen stated that the feature can be added in the future if users begin to use the service.
The founders purchased the domain name for $250,000 back in February and since then, more than 1,000 accounts have been created.