INSUBCONTINENT EXCLUSIVE:
What users need is for signing in to blockchain apps to be as easy as Login with Facebook
The startup emerges from stealth today with an exclusive on TechCrunch about the release of the developer beta of its single sign-on
grant permissions to access their ID, send money or receive items
Using blockchain apps becomes simple enough for novices
Given the recent price plunge, the mainstream has been spooked about speculating on cryptocurrencies
After 18 months of rebranding Ticketfly and overhauling its consumer experience, Dinch left and eventually recruited engineer Julian Tescher
to come with him to found Bitski.Bitski co-founder and CEO Donnie DinchAfter Riff failed to hit scale, the team hung up its social ambitions
Even if we made the best crypto Venmo, to get normal people on it would be extremely difficult
hurdle.Looking across the crypto industry, the companies like Coinbase and Binance with their own hosted wallets that permitted smooth UX
Bitski would bring that same experience to any app
Users would have to set up a whole new wallet, struggle with their credentials or use another clumsy solution
understands what we need to reach users at that scale
offer a free tier, priced tiers based on transaction volume or a monthly fee and an enterprise version
will never, ever monetize user data
future sign-ins just require a few clicks.In August, Coinbase acquired a startup called Distributed Systems that was building a similar
crypto identity platform called the Clear Protocol
In May it announced the formation of a blockchain team we suspect might be working on a crypto login platform or other ways to make the
decentralized world more accessible for mom and pop
Dinch suspects that fears about how Facebook uses data would dissuade developers and users from adopting such a product
a centralized wallet in a decentralized ecosystem comes with its own security risks
taking other secret precautions to prevent anyone from snatching its wallets
He believes cross-app wallets will also deliver a future where users actually own their virtual goods instead of just relying on the good
assumption that prices will dip a bit more, but will eventually rise whenever we see real use cases for a lot of these tokens
