Users can create new financial relationships using cryptocurrency. The services allow individuals to act as their banks and allow companies to provide services similar to those provided by banks.
Even more arrangements are possible when dealing with n-lock and multi-sig transactions which involve delayed custody, divided custody, and custody based on the solution to an enigma or the revelation of a secret.
Considering all issues at hand, can a company own its customers’ bitcoins? Alternatively, does a company merely provide non-custodial services such as backup key recovery, software design, or escrow? [Read more…] about Can a company control the bitcoins of its customers?