Bitcoin is increasingly seen as a multi-generational asset, and the need for secure and user-friendly solutions to ensure its legacy is more important than ever. Bitkey, the self-custody wallet built by Block, Inc., has introduced a new inheritance feature designed to address this challenge. Launching widely in January 2025, this feature provides a simple, secure way for customers to pass their bitcoin to loved ones without compromising self-custody. “Bitcoin is a multi-generational asset, and we think Bitkey should be multi-generational, too,” said Jason Karsh, Business Lead for Bitkey. “With this inheritance solution, we offer customers a safe and simple way to pass their assets onto the next generation.” Simplifying Legacy Transfers The concept behind Bitkey’s inheritance solution is straightforward. Users or benefactors can invite a designated beneficiary via the Bitkey app. The process is seamless: an invite link is sent to the beneficiary, who accepts it to create an inheritance plan. Importantly, beneficiaries cannot access the benefactor’s wallet and are not informed of the bitcoin amount they stand to inherit. A key safeguard is a six-month waiting period. If a beneficiary initiates a claim, the benefactor receives regular notifications throughout this period. This allows the benefactor to cancel fraudulent or accidental […]