Onramp has introduced a new business Bitcoin account designed to enhance security and governance for corporate finance teams. This innovative offering, announced on November 10, aims to streamline Bitcoin transaction management while addressing common operational challenges faced by companies in the cryptocurrency space. The publication provides the following information: the new account will include features such as withdrawal approvals to ensure greater control over funds.
New Account Features
The new account allows for up to three named users, each with role-based permissions, ensuring that responsibilities are clearly defined within finance teams. Additionally, the implementation of withdrawal approval policies provides an extra layer of security, allowing companies to separate the initiation of payments from their authorization.
Cost and Security
With no monthly charge and a competitive trading fee of 0.85%, the account is positioned as an accessible option for businesses looking to manage their Bitcoin assets effectively. Furthermore, all assets are held by a qualified custodian, ensuring compliance and security for corporate funds. This structured approach not only enhances accountability but also establishes a clear audit trail for all transactions.
Recent incidents involving BTCPay Server have highlighted the risks associated with hot wallets, emphasizing the need for enhanced security measures in cryptocurrency transactions. For more details, see read more.
