A tech startup will allow you to inherit cryptocurrency

An Israeli company has created a new mechanism that allows owners to bequeath NFTs. This will allow for a guaranteed transfer of assets to loved ones in the event of an unexpected death.

According to the information on the Kirobo startup’s website, a maximum of eight heirs can be bequeathed their crypto inheritance. To do this, you just need to have a Liquid Vault crypto wallet with a small amount of KIRO cryptocurrency. The developers note that in the 13 years since the emergence of crypto assets, the problem of inheritance has arisen. And with the growing popularity of this type of assets, this issue is becoming increasingly relevant.

The cryptoinheritance technology is based on a smart contract. It includes all the necessary information: the crypto wallets of the heirs, the amount of assets that each of them will receive, and a timer that can be periodically updated for a small fee.

On the appointed day, the last will of the testator is executed automatically and the assets are sent to the specified addresses. The recipients will receive a notification and must enter a password to receive the inheritance. Thus, there is no need for the services of notaries or government agencies.