Bitcoin Magazine Onramp Launches Business Bitcoin Accounts With Two-Person Withdrawal Approvals as Wrench Attacks Climb
Onramp launched Onramp Business on Tuesday, a free company account with named users, role-based permissions and two-person withdrawal approvals, as physical attacks on bitcoin holders climbed in the first half of the year.
The Austin firm announced the product for companies that want bitcoin on the balance sheet but have balked at leaving it with a single login, a single custodian or a single keyholder. The base account carries a 0.85% trade fee, holds bitcoin at a qualified custodian and is usually verified within a business day. It supports up to three users, including owner, admin and view-only roles, plus an audit trail. Two higher tiers, Onramp Treasury and Onramp Enterprise, launched alongside it.
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