The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.”
The Israeli crypto software provider Kirobo is moving to tackle a major void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according to their last will.
The firm announced on May 31 the launch of an inheritance feature on its decentralized crypto wallet Liquid Vault, allowing users to designate crypto wallets to inherit their funds.
The new solution enables generation and execution of an automated last will and testament without the need for lawyers, government authorities, or any other centralized entity. Instead, users just need to select up to eight beneficiaries and choose a date for distributing the assets to the designated wallets.
Liquid Vault’s new inheritance mechanism is based on Kirobo’s unique “future conditional transactions” technology, similar to the...
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