Update Airbitz simplify password recovery process in Bitcoin wallets

«Password Recovery 2.0» will easily recover forgotten password by using two-factor authentication system.

A startup based in San Diego, released a special update platform for password recovery in bitcoin wallet, said the publication EconoTimes. The system prompts the user to select two questions and provide their unique responses to an existing account or to create an account. Then, the user sends an email with a link to your email. By clicking on the link, the user will see the questions and answers after submission, will receive access to your account. Thus, in case of loss of the device, the user can retrieve the password through the link at Airbitz.

"We are pleased to solve one of the biggest obstacles to mass adoption cryptocurrency. The solution for safe storage bitcoins problems without having to worry about lost passwords will unlock bitcoin economy, 99% of humanity, who can take advantage of this amazing technology, and now still do not know about it, "- commented CEO Airbitz Paul Pueyo.

In February this year Airbitz went to the European market through the cooperation with the Dutch company CleverCoin. Airbitz planned to promote in Europe its main product - a mobile application that allows users to synchronize a purse with a bank account and to carry out buy and sell bitcoins.