Invity

Announcement

Invity Launches Mobile App

August 16, 2023

3 min read

A smooth entry into the world of cryptocurrencies for everyone!

Invity, a self-funded startup founded in 2019 under the SatoshiLabs Group, is launching a new app for its users. Having already facilitated over $100 million in cryptocurrency transactions during 2021, with expectations to surpass $1 billion this August, the company reaches yet another milestone.

Known as a cryptocurrency exchange aggregator, Invity offers a complete ecosystem for buying, selling, exchanging, and spending cryptocurrencies, including dollar-ost averaging (DCA).Their latest addition is a mobile app that simplifies Bitcoin purchases. Additionally, the app provides access to a planned educational academy.

"The mobile app will enable us to introduce Invity to a broader audience of newcomers. To maximize our reach, we are focusing on creating a user-friendly experience and providing educational resources within the app. Security is also a top priority. Our efforts are directed at ensuring users can securely store their cryptocurrencies in their own wallets, eliminating the need to depend on us or any other third party."
comments Stepan Uherik, CEO of Invity and CFO of SatoshiLabs.

Academy as a gateway to hardware wallets

As part of the app, Invity intends to offer users an educational academy. The aim is to effectively assist newcomers in navigating the field, gradually guiding them toward more advanced features and enabling them to manage cryptocurrencies knowledgeably and independently. Additionally, the importance of storing cryptocurrencies in a personal crypto hardware wallet is highlighted.

In fact, Invity's services are directly integrated into the desktop and browser app of the Trezor hardware wallet within the Trezor Suite. This offers Trezor users a seamless, secure, and comfortable experience when trading and managing their cryptocurrencies. The emphasis on security is further reinforced by the inclusion of only non-custodial exchanges. This ensures that any purchases made do not remain on the exchange but must be immediately transferred to a user’s Trezor. 

"As a result, users maintain complete control over the cryptocurrencies they possess. Given the frequent occurrence of exchange crashes and an unpredictable regulatory environment, it is crucial to advise new crypto investors against entrusting their digital assets to third parties for extended periods, let alone when dealing with substantial amounts,”
Uherik adds.

Jakub Churý

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Trezor Suite is now live!

Trezor

2 min read

Trezor Suite is a new desktop application from SatoshiLabs, producer of the original hardware wallet Trezor. This application complements the most secure way of storing cryptocurrencies and adds yet another layer to people's cryptocurrency experience.

Security first

Trezor has created many security features that have been adopted as the industry standards for safe handling of bitcoin. Trezor Suite is adding to this with its easy to use app that helps battle one of the most painful troubles out there - phishing attacks. Using a desktop application provides isolation from cloned sites and malicious links, and the software build can be independently verified unlike a website. Another benefit is that a desktop app is capable of implementing far more powerful features than its browser-based counterpart.

Trezor Suite onboarding screen

“We understand that using cryptocurrency every day makes people vulnerable to certain scams and attacks. An application on your desktop or mobile device that you have thoroughly checked and approved provides a good solution. But we wanted to do it right and also deliver features that empower hardware wallet users and bring them closer to the future of bitcoin use.” Matěj Žák, Head of Product at SatoshiLabs

More on security: Trezor Suite: Security made simple

Usability for wider adoption

Trezor Suite's new design introduces an easy onboarding process for those new to hardware wallets and the app is complete with a convenient straight-to-custody exchange service from Invity.io. These and many other user-focused features make the whole experience of using bitcoin accessible to everybody. Being able to compare offers from many different exchanges when selling, buying or exchanging cryptocurrencies brings a new level of transparency, with the added benefit of each transaction being secured by Trezor, driving mass adoption and ensuring self-custody. The brand-new onboarding process in this public release of Trezor Suite makes sure new users understand all the key steps involved in securing their assets: it provides a walkthrough of creation and backup of recovery seeds, setting a strong PIN, and using passphrase effectively to segregate coins and protecting Trezors from physical attacks.
Along with the newly-introduced Learn & Discover reference manual, Trezor Suite is focused on making sure every user gets the most out of their hardware wallets while avoiding the costly mistakes many have made in the past.

More on usability: Trezor Suite: the easy way to use Bitcoin

Focus on privacy

Trezor Suite is the first hardware wallet application that offers advanced privacy features in a form that is easy for anyone to use. Privacy is often a secondary focus for those building on Bitcoin, as the priority is to ensure there is robust infrastructure in place for Bitcoin as sound money. To make it easier to protect one's identity, Trezor Suite packages privacy tools in a way that even non-technical users can take advantage of them. By downloading Trezor Suite, sophisticated features like the Tor switch, Locktime, Discreet mode, and more, can be turned on in a single click. With many other privacy features in development, Trezor Suite will help every cryptocurrency user offset the risks of losing control over their private data.

More on privacy: Trezor Suite: Privacy made easy

Feature Highlights
  • Buy, Sell, and Exchange crypto with Invity.io - Connect to noncustodial exchange providers that offer the best rates, the most local payment methods, and the most effective support all in a single location. Invity's straightforward comparison tool allows users to buy, sell, exchange, and learn about digital currencies with ease so they never feel lost in the quickly changing world of crypto
  • Anonymous mode via Tor - At the flick of a switch, benefit from an anonymized global network that will obscure your connection by relaying it through servers distributed around the world
  • Dark mode - requested by community and delivered from Trezor with love
  • Onboarding - making it quicker and easier to get started securely using your wallet
  • Discrete mode - obscures sensitive data on-screen, so no one can peek over your shoulder
  • RBF - replace by fee for Bitcoin transactions allows users to increase the fee of transactions even if it was already broadcast

Coming soon
  • CoinJoin
  • Bitcoin full node
  • Mobile App
  • Recurring buy crypto savings account

See our plans for Trezor Suite in the Road Map. Check-in to Trezor Suite here.


Invity & Swan Bitcoin break down barriers to Bitcoin with automated savings in Trezor

Invity

2 min read

From the Genesis Stage of the Bitcoin 2022 conference, Invity.io, provider of the in-wallet trading platform for Trezor hardware wallets, and Swan Bitcoin, a prominent Bitcoin onramp, announced a new partnership to bring recurring, direct-to-custody Bitcoin purchases to Trezor wallets. Automated purchasing within a cold wallet is the most accessible way for non-technical users to start saving value with Bitcoin while maintaining personal control over their coins from the very beginning.

“The key to Bitcoin's future is to welcome people who are currently intimidated by cryptocurrencies. But we've found that new users continually worry over two things: finding the perfect time to enter the market and keeping their Bitcoin safe. This integration solves both”

Pavol "Stick" Rusnák, co-founder of Trezor Company.

“Bitcoin must be for everyone, especially in this age of runaway inflation. But not everyone is willing or able to contribute a lump sum to a new investment. By offering new users a straightforward way to buy Bitcoin in the amount they want and on their schedule, anyone can benefit from dollar-cost averaging while keeping their investment as secure as possible.”

Stephan Livera, Managing Director of Swan Bitcoin

Recurring Bitcoin purchases are facilitated by Invity, which integrated Swan Bitcoin's API into the free Trezor Suite app, the coin management platform for Trezor hardware wallets. In the Trezor Suite Trade section, a "Save into Bitcoin" button opens a specially designed minimalist interface in a click. Users then fine-tune the amount of Bitcoin to purchase and how often in a way that suits their personal budget. A linked bank account converts US dollars to Bitcoin automatically, and the purchased coins are sent directly to the user's non-custodial Trezor hardware wallet. This eliminates both exposure to vulnerable custodial solutions and manual, fee-incurring steps to move purchased coins to self-custody.

“Investing is a mental process for the long term and the only way to protect and build wealth over the long term. A completely self-managed asset like Bitcoin held on a hardware wallet is vital to creating an investment portfolio for the twenty-first century, and the meeting of our three companies makes this a reality for anyone”

Štěpán Uherík, CEO of Invity and CFO of Trezor.

Automated Bitcoin purchases powered by Swan Bitcoin and Invity will be enabled in the May 2022 update of the Trezor Suite. Swan is only available to people over eighteen years of age with a valid government ID and valid US bank account; this service is not available to residents of New York state. Invity is in talks to bring automated purchases to European users in the coming months.

About Swan Bitcoin

Swan Bitcoin is dedicated to helping the next billion people understand Bitcoin and what it represents for our future. Swan produces high quality Bitcoin education and takes pride in excellent, accessible customer service. Swan.com is the best way to accumulate Bitcoin with recurring and instant buys. The Private Client Services division helps high net worth individuals and entities build generational wealth around the world. Swan's Advisor Services platform is the easiest and most secure way for financial advisors to provide their clients with direct exposure to actual Bitcoin. For more information, visit Swan.com.

Tropic Square received investment of 4 mil. eur

Tropic Square

2 min read

Czech startup Tropic Square, which is part of SatoshiLabs Group, are planning to finalize development and start testing the first fully transparent and auditable security chip in the world. To introduce this idea to market, the company received investment of 4 million euros from swiss-based investment company Auzera. The chip, code named TASSIC (Transparent Authenticated Secure Storage Integrated Circuit), is expected to be introduced by the end of 2022, and it is already clear that it will be used in one of the most popular crypto hardware wallets Trezor, also made by SatoshiLabs.

“The initial motivation for the whole project was the need for a microprocessor solution for Trezor. However, thanks to the closed source settings of the chip manufacturers, we couldn't find an ideal solution. Although the community has asked for a so-called secure element, a chip that is inherently designed to prevent unauthorized access and protect cryptographic or confidential data, it would not be the right, most secure solution, due to non-transparency. So we took on the development of a transparent secure chip ourselves and believe that the next model of the Trezor will have an open source chip from Tropic Square. At the same time, we believe that this revolutionary chip can succeed outside the realm of cryptocurrencies. With this particular chip, we are heading for a market which was worth over 3 billion dollars in 2018”

Marek Palatinus, CEO of SatoshiLabs

Open source as a path to innovation

Open source is a way for Tropic Square to ensure the security of its chips. Like many other technology companies, this follows a trend that brings faster innovation through the community and reduces reliance on third-party know-how. The startup works on the assumption that the traditional closed-source approach hides drawbacks by closing itself off from the world, where small, closed teams work on their development and the resulting implementation cannot be verified by the chip user. Manufacturers of specialist security chips force their clients to sign NDA contracts. If its user discovers a problem, it is not possible to simply publish the finding, and thus warn about the possibility of a security risk.

The long list of known security issues clearly shows that chip design is another area of technology that needs to be opened for innovation. The goal of Tropic Square is to bring secure chips to market as a solution that is focused on the user and the end product.

”We believe that transparency, collaboration and, to a large extent, the community can significantly shift the technology world. The global reach and feedback from users themselves unlocks vast potential for innovation and to achieve what was previously unthinkable. Thanks to this investment, we can now focus fully on the development and technological solution itself, without having to worry about finances. Alongside that, our team is growing and we are always looking for talented and experienced people, not only for technical positions. In cooperation with DEPO Ventures, we are also open to angel investors who would leverage their know-how to accelerate the fulfillment of our goals in the business area as well,” adds Evžen Englberth, co-founder and CEO of Tropic Square.

As for the TASSIC chip itself, experts from all over the world can participate in its development and testing. There is already a forum open to the professional public, where discussions related to the chip's own development take place. At the same time, Tropic Square is still looking for talent in the areas of chip design, open source silicon, and security, to help with development.

Physical resilience and encryption are critical to security

The development of a common chip, where a single function is addressed, is already a complex undertaking. With the TASSIC chip, great emphasis is also placed on the method of its design and subsequent implementation, so the chip meets the high demands for physical security and resistance to attacks. Physical resilience and encryption are key features for a robust chip solution that securely generates and stores cryptographic keys and sensitive data. Moving these processes from software to specialized chips increases the security of the electronic device as a whole.

The company first announced its intention to create the chip in May last year. The nine- member team is led by co-founders Evžen Englberth (CEO) and Jan Pleskač (CTO).

Evžen Englberth and Jan Pleskač

TASSIC chip

In addition to new products, TASSIC is also a suitable solution for improving the security of existing products. It is designed to connect to common microprocessors or FPGA circuits using standard serial protocols or a MicroSD card. Using the TASSIC chip as a security extension to a non-secure controller and firmware creates a foundation for building secure systems.

Tropic Square is working on a solution that will bring security algorithms to market in an auditable implementation, i.e. a solution that will be controllable and, thanks to the open source system, will be accessible to the professional community. With the TASSIC chip, it will be possible to verify that it has been manufactured exactly according to design, and thus that there has been no modification or addition of an implant in the supply chain (generally referred to as supply chain attack). Thanks to the focus on solving the most basic needs of digital security, chip will find applications especially where the emphasis is on real security, unique device identity, cryptographically strong communication and authentication. This applies, for example, to the fields of IoT, Industry 4.0 and in special applications requiring transparency and real knowledge of chip implementation. There is also market potential in the area of common consumer electronics, where draft legislation imposes new requirements for secure storage of data in electronic devices.

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More about Tropic Square

Tropic Square s.r.o. is a private company founded in 2020 in response to the lack of secure element chips based on open architecture. Its goal is to bring customers a fully auditable chip that will meet high security requirements and at the same time be verifiable by anyone thanks to its transparency and open source philosophy. The first generation of the secure chip is currently being developed under the working name TASSIC. More information at tropicsquare.com.

Trezor Suite steps up to serve Trezor users

Trezor

2 min read

Trezor, the first hardware wallet, was given a new desktop application in July 2021. It is now completely replacing the old Trezor Wallet interface, which will no longer be supported from the 31st of January. The new app is called Trezor Suite and it is a major improvement that helps secure users of cryptocurrencies against phishing attacks, one of the most burning problems of crypto security nowadays. SatoshiLabs recommends that all Trezor users download the Trezor Suite desktop app and start using the best tool for their long-term security.

Trezor Suite brings significant improvements

As Bitcoin evolves and the number of users grows, different use cases are emerging. That's why security is not just about having the right hardware but also making sure the software used for managing your crypto portfolio takes advantage of all the new capabilities of Bitcoin and doesn't expose you to online threats.



The new desktop application provides a safe and more private environment for managing cryptocurrencies that makes crypto more intuitive and easy to use - especially for those just starting out. Buying crypto from a reputable source directly from your Trezor has never been easier.

“Trezor Suite progressed, evolved and is now fully ready to take over Trezor Wallet with many new features and a complete redesign that improves our users' security and privacy. Switching from Trezor Wallet to Trezor Suite is smooth and easy - just download the Trezor Suite desktop app and enjoy a quick and easy onboarding.”

Matěj Žák, CPO at Trezor

Trezor Suite is packed with security and privacy features

Taking the wallet interface out of the browser environment eliminates the risk of phishing sites tricking users into revealing their seed or other critical information. A desktop app provides more robust protection with more powerful capabilities and reduces the number of mistakes or exploits that could result in someone losing their keys or coins.

Some of the cool features:

One of the first to support Taproot

The Bitcoin Taproot upgrade which was activated in November is already supported by Trezor Suite. This introduces some major changes to Bitcoin that build upon the SegWit upgrade of 2017, which enabled support for the Lightning network. Taproot is expected to have long-term effects on Bitcoin utility and adoption, and will see further advances in the coming years.

Decentralized exchange (DEX)

Buying, exchanging, and selling cryptocurrencies directly from your Trezor hardware wallet is made easy and secure by Invity, a SatoshiLabs company that lets you compare rates across verified exchanges to find the most competitive offers. Now, there is a new way to exchange crypto without KYC, thanks to Invity's integration of 1inch, a decentralized exchange built on the Ethereum network. When using the Trade section under your Ethereum account in Trezor Suite, users can now browse offers from the 1inch decentralized exchange alongside conventional exchanges.

Tor switch

Tor, a free and open-source network that reroutes internet traffic through many different servers, is available in Trezor Suite to prevent your ISP and others from tracking your internet activity. While Tor is quite technical, it has been made as simple as possible - at the click of a button - so all Trezor users can mask their connections.

Discreet mode

When using a Trezor around other people, physical privacy becomes an issue. Showing off account balances — accidentally or otherwise — can lead to risk of extortion or harm. That's why there is a switch in Trezor that blurs out all sensitive data, so users can safely peek at their balances on mouse-over.

Easy onboarding

Trezor Suite provides a quick and easy onboarding that will make sure your wallet is properly set up and secured, even if you've never used a Bitcoin wallet before. Designed as an all-in-one interface, you can safely and easily manage cryptocurrencies and improve your privacy without needing to install additional apps or learn complex networking.