{"id":6868,"date":"2022-09-28T17:44:27","date_gmt":"2022-09-28T17:44:27","guid":{"rendered":"http:\/\/ci02ac730bb00025b4"},"modified":"2022-09-28T17:44:27","modified_gmt":"2022-09-28T17:44:27","slug":"swan-bitcoin-acquires-specter-solutions","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/swan-bitcoin-acquires-specter-solutions","title":{"rendered":"Swan Bitcoin Acquires BTC Custody Provider Specter Solutions"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Swan Bitcoin acquired Specter Solutions for its open-source bitcoin custodial applications. <\/li>\n<li>Specter can remain independent from Swan and will stay open-source. <\/li>\n<li>Users will not be required to provide any KYC information in order to use Specter services.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.swanbitcoin.com\/\" target=\"_blank\" rel=\"noopener\">Swan Bitcoin<\/a>, a leading bitcoin service provider, has acquired&nbsp;a leading bitcoin custodial services provider,&nbsp;<a href=\"https:\/\/specter.solutions\/\" target=\"_blank\" rel=\"noopener\">Specter Solutions<\/a>, per a press release sent to Bitcoin Magazine.<\/p>\n<p>The addition of Specter Labs to the Swan portfolio enables the company to provide end-to-end solutions for their clients. These solutions mean from the initial moment of interest, to education, onto purchasing bitcoin and eventually becoming self-sovereign, Swan Bitcoin can assist its clients through the entire process. <\/p>\n<p>\u201cOur mission is to help create the next ten million Bitcoiners and walk with them on their journeys to freedom, prosperity, and self-sovereignty,\u201d said Swan founder and CEO, Cory Klippsten. <\/p>\n<p>The custodial software from Specter will remain open-source and Swan will provide engineering support and assist in product direction. Additionally, Specter\u2019s application will not have any default network connections to Swan or know-your-customer (KYC) protocols requiring identification for the user. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/image-65-1.png\" title=\"\"><\/figure>\n<p>\u201c\u2018Do the best thing for Bitcoin and Bitcoiners\u2019 has always been our guiding principle,\u201d said Klippsten.<\/p>\n<p>Furthermore, the Specter solution will not track any user data unless the user opts into specific features which will be \u201cclearly labeled integrations,\u201d per the release. <\/p>\n<p>In addition, users can choose whether they want Specter to interact with Swan, or if they prefer complete independence from the platform. <\/p>\n<p>\u201cWe have found strong alignment with the Swan team,\u201d said Moritz Wietersheim, co-founder and CEO of Specter. \u201cOur products and tools fit extraordinarily well together. We look forward to building products for Bitcoiners and continuing our journey to a bright orange future.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition enables Swan Bitcoin to service its users from the point of initial education all the way through to self-sovereignty while keeping Specter open-source.<\/p>\n","protected":false},"author":2785,"featured_media":6870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,93,1958,1959],"class_list":["post-6868","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-news","tag-specter","tag-swan"],"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/image-66.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=6868"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6870"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=6868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=6868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=6868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}