Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Pryvate from Criptyque is set to Release its OTC Services & its Secure Wallet and Alt Coin Exchange


News provided by

Criptyque Limited

14 Aug, 2018, 12:58 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, August 14, 2018 /PRNewswire/ --

Pryvate is a highly-secure, triple-layer-encrypted communications application available for personal computer browsers, iPhone, Android, and even Blackberry devices. Pryvate was designed to provide secure messaging, email, file-transfer, voice and video calling and conferencing. Pryvate's initial App Store release was in 2015.

Criptyque Ltd, the makers of Pryvate, are registered & headquartered in Jersey, Chanel Islands hence, are exempt from regulations imposed by many countries. Such regulations would have inhibited, compromised, or invalidated Pryvate's fundamental vision of providing privacy that is truly security-hardened against typical vulnerabilities including corporate and government espionage, malicious hacking or blackmail.

Criptyque also have entities & points of presence in Cayman Islands, Singapore, UK and EU.

In 2016, Pryvate made the decision to enter the blockchain space with the goal of creating the Pryvate utility token, known as PryvateCoin (PVC), but also with a mandate to develop an increased range of tools to serve the consumer & emerging crypto markets, namely:

  • Private Browsing
  • Extremely secure 'Hot-wallets' & transaction medium
  • Ultra-Secure 'Cold-Storage'
  • A crypto-asset trading and OTC conversion (Over The Counter, Atomic Swaps & Arbitrage)
  • A secondary 'no-API' exchange with bot resistant AI for manual day-trading

In doing so, Pryvate will be competing within three separate billion-dollar markets, namely:

  • Crypto-asset trading exchanges e.g. Bittrex, Binance, and KuCoin
  • OTC fiat/crypto conversion exchanges e.g. Luno, CoinBase, CoinMamma, Gemini, LocalBitCoins
  • Hardware wallet producers e.g. Trezor, Ledger, KeepKey, and now BitFi

The difference between Pryvate and the rest, is that the Pryvate app and underlying tools are free-to-use with transaction fees from zero to a maximum of 2%; thus enabling consumer's free entry into the crypto-asset markets for the first time.

Besides PVC token "airdrops," Pryvate is offering 40 PVC (currently USD $24) to users who download the Pryvate and an additional 8 PVC (currently USD $4.80) per app referral.

All "Pryvate Pro" features will be available while the user maintains a balance of 20 PVC or more within their Pryvate wallets. Should their balance fall below 20 PVC, usage will be restricted to Pryvate Lite features only.

Users can store PVC on the Secure "Hot or Cold" wallets within the app, trade, sell or buy more. Alternatively, since PVC is an ERC-20 token, users may store PVC on personal Ethereum wallet paper, hardware, or web based wallets.

The Pryvate team is comprised of high-end IT and telecommunications professionals including veteran crypto/cipher specialists with a passion for the new economy and the efficiencies that blockchain technology brings.

Pryvate identifies some of the most notable barriers to mainstream crypto asset adoption as:

  • human readable addresses, hashed for one time use
  • non-user-friendly wallets and exchanges for trading and for OTC purchase/sale
  • unjustifiably high trading fees on well-known trading-platforms
  • unjustifiably high buy/sell fees on OTC exchanges allowing fiat to crypto exchange
  • high exposure to information security risk due to inherent weaknesses of consumer-level mobile and desktop security

With the phased release of the new crypto-asset tools, Pryvate provides an intuitive-by-design, highly-secure, low-cost solution to protect users' assets and intellectual property by encasing the range of easy-to-use tools within the digitally protected vault that is the Pryvate app.

Pryvate provides a unique and original product for novice through veteran user skillsets by implementing a more cost-effective and technically-efficient solution. It allows even the most spyware-infected devices to access native features as well as DApps, within the secure, vaulted interface that is the distributed exchange for trading, and the hot & cold secure wallet.

Pryvate's hot & cold storage features enable users without hardware wallets the means to secure their crypto assets on existing devices without the usual risks associated to standard software or online wallets.

The Pryvate application for mobile devices and desktop web-browsers removes the need for software, online or paper wallets that present hacking risks to the public. Similarly, Pryvate replaces the need for expensive, supposedly "hack-proof" hardware wallets, which were previously the only solution to properly secure crypto-currencies and tokens from malicious attacks and compromised devices.

Pryvate is so confident in the security of our time-tested product, that Pryvate has reserved 6% of their 50million PVC coin hard-cap for 300,000 PVC bounties to any to anyone who provides evidence that successfully hacked or compromised the security of the app.

Such a challenge with a bounty is usually offered by hardware-wallet manufacturers.

CEO, Jonathan Parker-Bray, explains: 

"Our business has been in the cryptography space since its inception in 2013. We launched our peer-to-peer, triple-layered encrypted app in 2015, to allow anyone to have truly private communication free from the prying eyes and ears of corporations and foreign government-sponsored spy programs that can potentially steal and even sell commercially sensitive information.

Pryvate performed a comprehensive review the 'crypto-sphere' identifying the mainstream adoption barriers to the eco-system as:

  • intimidating technical complexity for novice users (especially with 2nd Gen' blockchain wallets)
  • Inherent device security vulnerabilities, particularly with iPhone and Android devices
  • moderate to extreme crypto-currency purchasing difficulties and unjustifiably inflated buy/sell fees on OTC platforms such as Coinbase and Gemini

From a risk perspective, such challenges and barriers compound the overall crypto-asset price volatility. The risks also create a potential for mass-fraud if not addressed as many crypto enthusiasts rely on software wallets on their computers, mobile devices, or in the cloud.

Pryvate's mission is to contribute to the mainstream global adoption of crypto-currencies and tokens by removing the most compelling fears, risks, costs, and other barriers associated with the eco-system at this stage of its evolution.

A simple spyware infection has the potential to undermine the security of user devices and applications. Pryvate took the initiative to fix such vulnerabilities by further developing an evolved release of the Pryvate Now app to benefit the crypto-community and eco-system.

Pryvate safeguards against these risks by providing complete protection against hackers, malware, and spyware from any native tool or DApp added to the Pryvate app vault, because, quite simply……nothing can pry into Pryvate."

Contact:
info@pryvatecoin.io
jpb@pryvatenow.com

www.pryvatecoin.io
www.pryvatenow.com

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.