Bitcoin Inheritance with Bitkey
Source Article by the Bitkey team and Undine Rubeze: https://bitkey.build/inheritance-is-live-heres-how-it-works/
TLDR: You wrap your mobile key, and encrypted this wrapped key with your beneficiaries public key. Send this info to Bitkey's servers. Your beneficiary can trigger the inheritance process after your passing and wait 6-months before they can do anything.
6 months seems like a long-time to be able to access critical life-savings funds for your family. This should help you prioritize a 3-6 month emergency "cash" savings for your family. Cash can be in a savings account or physical cash. Additionally, it might be beneficial to setup a life-insurance plan (a simple term-life plan) where the immediate bills and expenses are covered.
#bitcoin #nostr
#devs I tried to import the url into highlighter but got this error: "The page is not reader-friendly"
