We’re excited to announce our latest feature to help consumers easily use the Bitcoin network for sending, receiving, and storing value online: the Lock Address.

Within your Coinapult account, you can now create specific bitcoin addresses to automatically Lock any incoming bitcoins to the asset of your choice.

Bitcoin users old and new are going to find some interesting ways that Lock Addresses can be used:

Here are directions for creating a Lock Address. Users can Lock their bitcoins to EUR, USD, GBP, Gold, and Silver.

Paying a friend back $10, who doesn’t want to deal with bitcoin prices but still wants his ten bucks back -just send to his Lock Address.

Any merchant from anywhere in the world, without a signup process or paperwork, can accept Bitcoin payments automatically with zero volatility.

Receive and send international transfers, paychecks, or online tips, without thinking about Bitcoin prices or even needing a bank account!

Lock Addresses are another step in making the Bitcoin network approachable and usable for the average consumer worldwide. And we’re excited to continue bringing you new features down the road as well. ☺

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