
Staying informed and having real-time updates about the moving parts of your business is crucial. Whether you're monitoring financial transactions, customer interactions, or other critical data, webhooks have become an indispensable tool for real-time notifications. Bitpowr is always committed to providing you with the best possible tools and is excited to introduce two exciting updates to our webhook service: Webhook Subscription and Webhook Static IP.

## First What **are Webhooks?**

Webhooks are a real-time communication mechanism between two applications or systems. They use HTTP requests to send automatic and immediate notifications about specific events or data updates. This ensures that relevant information is always delivered as soon as it becomes available. Webhooks are commonly used to integrate and synchronize data between various web services, making them a valuable tool for businesses looking to streamline their processes and stay informed about critical events

## **Webhook Subscription Update**

Every user has unique requirements and preferences when it comes to webhook notifications. Recognizing this, Bitpowr has implemented a Webhook Subscription model that allows you to have fine-grained control over the types of events you receive. This new feature empowers you to specify the event types, sources, or transaction parameters you want to be notified about, ensuring that you only receive the most relevant and timely information.

So, what does this mean for you as a Bitpowr user?

### 1. **Tailored Notifications**

Webhook Subscription allows you to fine-tune your webhook notifications to align perfectly with your specific business requirements. For instance, within your financial institution, you can configure your webhook to provide you with real-time alerts on asset value changes and account-related activities. This tailored approach ensures that you stay informed about the critical events that directly impact your financial operations.

### 2. **Improved Efficiency**

By narrowing down the notifications you receive, you can reduce the noise and focus on the critical events that require immediate attention. This not only saves you time but also improves the efficiency of your operations.

### 3. **Enhanced User Experience**

We understand that user experience is paramount. The Webhook Subscription update offers a more user-friendly and intuitive way to configure your webhook notifications. It's as simple as selecting the event types you're interested in, specifying the sources, and setting the parameters. The result? A more streamlined and personalized experience tailored to your exact needs.

### **Use Cases**

Examples of events you can subscribe to include, but are not limited to:

- **Transactions**: Receive real-time updates on financial transactions.
- **Asset**: Stay informed about changes in asset values.
- **Account**: Monitor activities related to customer accounts.
- **Address**: Get notified about address changes.
- **Customers**: Keep track of customer interactions and data.

Webhook Subscription is all about putting the power back in your hands, allowing you to take control of your data and notifications like never before.

## **Webhook Static IP**

This update enables you to restrict and whitelist webhook requests to your Webhook URL, ensuring that only Bitpowr servers can send requests to it.

Here's why Webhook Static IP is a game-changer:

### **1. Enhanced Security**

Webhook Static IP allows you to create a secure and private channel for your webhook notifications. By restricting access to known and trusted Bitpowr servers, you greatly reduce the risk of unauthorized access and potential security breaches

### **2. Mitigating Risk**

Restricting webhook requests to Bitpowr servers mitigates the risk of malicious activity, such as denial-of-service (DDoS) attacks and unwanted spam, enhancing system resilience and reducing vulnerability to external threats.

### **3. Ensuring Reliability**

When you whitelist requests from Bitpowr servers, you can ensure the reliability and consistency of your webhook notifications. There's no need to worry about unwanted interruptions or unreliable sources.

In summary, the Webhook Static IP feature is your gateway to a more secure, trusted, and reliable webhook notification system.

Bitpowr is dedicated to providing you with the best tools for managing your data and staying informed. The recent updates to Webhook Subscription and Webhook Static IP are examples of our commitment to enhancing your experience and safeguarding your data. We are excited to see how these features empower you to take control of your webhook notifications and strengthen your business operation. [Access it here](https://docs.bitpowr.com/docs/webhooks)

With Bitpowr's Webhook, learn how you can tailor event notifications to your exact preferences, ensuring you receive the most relevant updates for your needs.






BitpowrArticle2_Nov.jpg

Bitpowr’s Webhook Revamp

Bitpowr has introduced an exciting update to its collection policy – one that gives you more control and freedom when it comes to transaction operations. Let's delve into the latest developments and see how these new features can enhance your asset management.

## **Operation Triggers**

The heart of Bitpowr's new collection policy update lies in the ability to select operation triggers, which include the following:

### **1. Transfer**

The "Transfer" operation is a fundamental aspect of asset transactions, allowing for the efficient movement of assets from one asset address to another. This operation is particularly useful when handling transactions for businesses, as it offers a streamlined and effective way to manage asset transfers.

### **2. Approve and transferFrom (ERC20 Special Functions)**

The "Approve" and "transferFrom" functions are essential for those dealing with Ethereum-based ERC20 tokens. These functions allow you to grant permission to a specific address to pay for all your token transfer fees without having to fund your address with gas every time you need to spend your tokens. By using the **`approve`** and **`transferFrom`** functions, you can simplify the transaction process, and make token transfers more convenient and user-friendly

### **3. Swap**

Bitpowr's new swap feature allows users to easily exchange popular cryptocurrencies using the Bitpowr API and Dashboard. This simplifies the process of diversifying your crypto holdings or capitalizing on market opportunities by making the swapping process fast and convenient.

### **4. ChangeTrust**

"ChangeTrust" is a transaction operation designed to enable an asset to receive tokens from a specific blockchain. Bitpowr currently supports this operation on the Solana and Stellar blockchains, providing you with the flexibility to manage your assets across different blockchain seamlessly. For instance, you can enable USDT on the Stellar blockchain to receive USDT_XLM, allowing for more efficient cross-chain operations.

## **Customization and Control**

The ability to select operation triggers is all about customization and control. It allows you to tailor your collection policy to your specific needs and preferences. When managing the finances of your business, having the power to choose the right operation triggers for your transactions is a game-changer.

## **Enhanced Efficiency**

The new collection policy features not only offer customization but also enhance the efficiency of your cryptocurrency management. The streamlined processes simplified approval mechanisms, and the ease of swapping between cryptocurrencies ensure that your transactions are executed seamlessly and without unnecessary delays or complications.

## **Multi-Blockchain Support**

By supporting multiple blockchains, Bitpowr enables you to extend your reach and manage your assets more efficiently. Whether you're dealing with Stellar or Solana, the "ChangeTrust" feature allows you to customize your collection policy to your specific needs and preferences. This feature is useful when you want to manage assets across different blockchain ecosystems, making it more convenient and user-friendly.

### In conclusion,

The updated collection policy from Bitpowr brings a host of benefits to the table. The ability to select operation triggers, along with the convenience of the "Approve" and "transferFrom" functions, the flexibility of "Swap," and the versatility of "ChangeTrust," offers financial businesses a comprehensive solution for their transaction needs.

These updates empower users to customize their policies, enhance efficiency, and leverage multiple blockchain ecosystems, ultimately providing a more robust and versatile cryptocurrency management experience. 
[Access it Now](https://bitpowr.com/contact-us)

Discover Bitpowr's latest collection policy update, offering financial businesses a versatile and comprehensive solution. With the ability to choose operation triggers, convenient 'Approve' and 'transferFrom' functions, flexible 'Swap,' and versatile 'ChangeTrust,'

BitpowrArticle2a_Nov.jpg

Bitpowr’s New Collection Policy Features

**Your Guide to Secure Digital Asset Management**

Bitpowr's policy engine is a fantastic tool for managing digital assets with ease. It gives you the power to create your own rules, ensuring your assets are secure and managed efficiently. Whether you want to stay compliant, simplify approve, automate funds, control withdrawals, or manage address lists. This article explains how Bitpowr's policy engine works and why it's beneficial for your business.

### Creating Your Own Rules

Bitpowr's policy engine is all about giving you the power to make your own rules. You can set up custom policies for your wallets, transactions, and what users can do. This means you can have a system that matches your unique business needs perfectly.

### Important Policy Options

1. **Compliance Policy (AML & KYC)**

This policy helps you follow important regulations like Anti-Money Laundering (AML) and Know Your Customer (KYC). You can create your own rules for spotting suspicious transactions and deciding what to do about them. It's like having a digital security guard to protect your assets.

2. **Approver Policy**

If your business has many people handling digital assets, the Approver Policy is handy. It lets you decide how many people need to approve a transaction and how many rejections are needed to stop it. This keeps your transactions secure and under control.

3. **Collection Policy**

Sometimes, you need to automatically send money from one wallet to another when you receive it. The Collection Policy lets you set up the rules for this. You can decide how much money to send, when to send it, and other details. This helps streamline your money movements.

4. **Withdrawal Policy**

Controlling how much money can be taken out of your wallet is crucial for security. Bitpowr's Withdrawal Policy lets you set daily and monthly limits and decide when approval is needed. You can choose whether withdrawals are done through Bitpowr's dashboard or via API, making it super easy to manage.

5. **Address Policy**

With Bitpowr's Address Policy, you can decide which addresses are allowed to receive and send money. You can create a whitelist for trusted addresses and a blacklist for untrusted ones. This adds an extra layer of security to your digital assets.

### Conclusion

With Bitpowr, you can confidently navigate the world of digital assets, knowing that your operations are secure and hassle-free. If you're ready to make the most of blockchain technology and create new opportunities for your business, Bitpowr's all-in-one digital asset management system is the perfect choice. [Try Bitpowr today and join the many businesses already benefiting from this innovative platform.](https://bitpowr.com/product/policy-engine)

Customizable Policy Engine (1).jpg

Bitpowr’s Customizable Policy Engine

As part of our continuous effort to enhance the Bitpowr wallet experience, we are excited to introduce a new staking feature for TRON (TRX) blockchain. This allows developers to earn bandwidth or energy to pay for Tron transaction fees by staking TRON assets within the Bitpowr ecosystem while still regaining their complete Tron asset value.


### **What is Tron**

Tron is a popular blockchain-based operating system on which a user can create decentralized applications, and distribute media content. The TRX token on its own is used to gain access to certain features of the operating software that are available on the Tron Protocol. Therefore, the main purpose of the token is for use on the Tron network. However, it is still a store of value and it can be exchanged and traded on exchanges, so it can also be described. [Learn how to send Feeless Transaction on Tron](https://bitpowr.com/blog/how-to-send-fee-less-tron-transactions)

### **Introduction to Bitpowr's Staking API**

Bitpowr's Staking API is a powerful tool designed to enable developers to engage in staking operations on the TRON blockchain. Staking involves the process of locking up a certain amount of cryptocurrency to support the operations of a blockchain network, and in return, participants are rewarded for their contributions.

### **Making a POST Request**

To initiate the creation of a new stake using Bitpowr's API, developers need to craft a POST request directed toward the following endpoint:

```
HTTPCopy code
POST https://developers.bitpowr.com/api/v1/staking

```

This endpoint serves as the entry point for developers looking to participate in staking operations on the TRON blockchain through Bitpowr's API.

### **Required Parameters**

When creating your POST request, you must include several mandatory parameters within the request body. These essential parameters are as follows:

1. **fromAddress (string, required):** This parameter specifies the address from which you intend to stake your cryptocurrency (In this case, a Tron address with the Tron asset you want to stake)
2. **amount (string, required):** Indicate the precise amount you wish to stake or delegate. If your objective is to perform a withdrawFrozenAsset operation, ensure that this parameter is set to 0.
3. **chain (string, required):** Clearly specify the blockchain on which you intend to execute your staking operation. Currently, Bitpowr exclusively supports TRON, so this parameter must be set to "TRON."
4. **accountId (string, required):** Provide the account or wallet ID that you wish to employ for the staking operation.

### **Optional Parameters**

In addition to the mandatory parameters, Bitpowr's Staking API offers a set of optional parameters to provide greater flexibility and customization for developers:

1. **operation (string):** This parameter empowers developers to specify the precise staking operation they intend to perform. Bitpowr currently supports several operations, including freezeTron, unFreezeTron, withdrawFrozenAsset, delegateResource, and undelegateResource. Developers can choose the operation that aligns with their project's requirements.
2. **resource (string):** In cases where your staking operation involves obtaining a specific resource from the stake, this parameter allows you to specify your resource preference. Bitpowr currently supports two resource options: BANDWIDTH and ENERGY.
3. **receiverAddress (string):** If your intent is to delegate your stake to another address, you can utilize this parameter to specify the recipient's address.

### **Conclusion**

Bitpowr's Staking API simplifies the complex process of creating a new stake on the TRON blockchain, providing developers with a powerful tool to engage in staking and reap rewards. By following the guidelines outlined in this guide and referring to Bitpowr's official documentation for any updates or changes, developers can seamlessly integrate staking functionality into their projects. Embrace Bitpowr's API to unlock the full potential of staking in your blockchain development endeavors. Happy coding!

Start staking TRON Via  Bitpowr  [API](https://docs.bitpowr.com/reference/createstake) today.

Bitpowr's Staking API is a powerful tool designed to enable developers to engage in staking operations on the TRON blockchain

Tron #New Article.jpg

You can now Stake TRON on Bitpowr via API

At Bitpowr, we take the security of our users' accounts very seriously, which is why we have implemented an advanced measure to ensure the protection of your account - two-factor authentication (2FA). This feature provides an additional layer of security to keep your account safe from unauthorized access.

By opting for our 2FA option, you can use your preferred mobile authenticator app to sign in to your Bitpowr account. With this feature, you can have peace of mind knowing that your account is much more secure and less susceptible to hacking attempts.

The 2FA option is designed to work seamlessly with your account, and it adds an extra level of security without any inconvenience. Once you activate 2FA, you will be prompted to enter a unique token generated by your mobile authenticator app whenever you sign in to your Bitpowr account. This ensures that even if your password is compromised, your account remains secure.

At Bitpowr, we believe that security should be a top priority, and we are committed to providing our users with the best protection possible. With 2FA, you can rest assured that your account is well-protected and that you can access it with confidence. 

### What Exactly is Two-factor authentication?

Two-factor authentication (2FA) is a highly effective electronic security measure that requires users to present two or more pieces of evidence to an authentication mechanism before gaining access to a website or application. This can include something only the user knows, such as a password or PIN, something only the user has, such as a smart card or mobile device, or something only the user is, such as a fingerprint or other biometric data. By requiring multiple forms of evidence, 2FA provides an additional layer of security beyond traditional password-based authentication, making it much harder for unauthorized users to gain access to sensitive information.

### Examples of Two-Factor Authentication (2FA)

There are several examples of two-factor authentication that are commonly used today. One of the most popular is the use of SMS or text message verification, where a code is sent to the user's phone and must be entered along with their password. Other methods include email verification, biometric authentication such as fingerprint or facial recognition, or the use of hardware tokens that generate one-time passwords.

### How does 2FA work?

The process starts with the user entering their username and password as usual. Once the information is entered, a prompt will appear requesting a second form of authentication. This second form of authentication could be a code sent to the user's phone, a fingerprint scan, or any other method that serves as an additional layer of security. If the user is unable to provide the correct second form of authentication, access to the account will be denied. This extra layer of protection greatly reduces the risk of unauthorized access to sensitive information and helps ensure that only authorized users are granted access to the account.

### Why do I need 2FA?

The main reason to use two-factor authentication is to add an extra layer of security to your online accounts and protect your sensitive information from being accessed by unauthorized users. Passwords can be easily compromised through phishing attacks or data breaches, but with 2FA, a hacker would also need access to your physical device or token to gain access to your account. Additionally, many businesses and organizations now require their employees to use 2FA as part of their security policies.

### Is two-factor authentication secure?

While two-factor authentication is not foolproof, it is significantly more secure than relying on passwords alone. It makes it much more difficult for hackers to gain access to your accounts and provides an extra layer of protection against phishing attacks and data breaches. That being said, it's still important to choose strong passwords and take other security measures to protect your online accounts.

### Future of authentication

As technology continues to evolve, so will authentication methods. Already, we are seeing the adoption of biometric authentication such as facial recognition and fingerprint scanning become more widespread. In the future, we may see the use of artificial intelligence and machine learning to further enhance security and reduce the risk of fraud and cyber-attacks. Ultimately, it's important to stay informed and take steps to protect your personal information and digital assets in an increasingly connected world.

Bitpowr remains your safest institutional MPC-protected Wallet- Built from the ground up to enable your business to provide users with safe, secure, and easy access to web3 wallets. These easily customizable and reliable APIs help you save resources that would be otherwise spent navigating the nuances of blockchain infrastructure. Instead, you can focus on what matters most: delivering more value and innovative products to their customers. [Reach out to us](https://bitpowr.com/contact-us) if you need more information, we are happy to help. 


BArticle13_3a.jpg

Two-Factor Authentication now live on Bitpowr

Building products on the blockchain, such as exchanges can be very daunting and expensive. It requires a complex system with many components that must work seamlessly together, like a Swiss watch. The Exchange must also be able to handle a constant flow of data and present it in an easy-to-use interface. Additionally, it must be able to operate on multiple blockchains and provide accurate and instant information. However, these are just the core functions of a crypto exchange. Another important aspect is managing user accounts and transactions, including the generation and management of wallets, setting up notifications for different events, and facilitating the transfer of funds. Imagine having to create everything from the scratch for each project, it would be a daunting and time-consuming task. Fortunately, APIs come to the rescue by simplifying the development process and enabling us to work more efficiently and quickly.

## **How to get Bitpowr API services?**

Bitpowr provides a comprehensive institutional wallet and digital asset management solution for exchanges, payment gateways, Neobanks, and other financial institutions. We recently redesigned and simplified our [API documentation](https://docs.bitpowr.com/reference/api-overview) to make it easier for developers to integrate with our APIs and SDKs.

## **Why use Bitpowr Wallet API**

### 1. **Ease for Developers**

Developers can use our infrastructure, SDK, and powerful unified API to quickly and easily build blockchain apps. You don't have to worry about blockchain node configuration or maintenance, nor do you have to learn to code for specific blockchains. We've taken care of everything so you can focus on developing blockchain apps.

### 2. **Easily generate unique hot addresses for multiple users**.

With the Generate Address Endpoint, private-public key-pairs can be generated along with an associated public address. An effective way to use this endpoint is to generate a pool of addresses that are saved in the database. Every user that wants to deposit funds will be assigned one of these pre-generated addresses. A limit can also be set up: when the addresses that are not associated with any user are below a certain number, more can be automatically generated. This will ensure a certain number of available addresses per currency at all times.

### 3. **Easy-to-use Webhooks**

Webhooks are sometimes called "reverse APIs". The reason for this nickname is that a Webhook, unlike an API, pushes data instead of waiting for it to be polled. This makes life much simpler! You will not need to check every few minutes or seconds to see if a certain event has happened. Instead, the webhook will notify you that the event has taken place once all the defined criteria are met.

Bitpowr Wallet APIs offer a series of Webhooks that can be subscribed to and used. In this case, the Create Transaction Confirmations Webhook can be subscribed to. Notifications are received every time there are incoming or outgoing transactions from one of the assigned hot wallets. No deposit or transaction will be missed.

### 4. **Multiple Blockchain Support**

You can incorporate many blockchains into your projects or switch between them using the Bipowr API with hardly any code modifications. Instead of starting from scratch to write the blockchain integration, you can switch to a different blockchain in a matter of minutes depending on your use case.

### 5. **Scalability**

The global transaction rate for the bitcoin and Ethereum blockchains is currently very low and each on-chain transaction involves high costs. However, it's not always necessary to keep all the data on-chain. Bitpowr has developed virtual accounts to address scalability difficulties that can settle transactions independently of the blockchain and synchronize with any compatible blockchain on a regular basis.

### **Start building right away!**

Check out our [documentation](https://docs.bitpowr.com/docs) to learn more about Bitpowr wallet services and other related products.

Contact [sales](https://sales@bipowr.com/) to get started!

Learn how integrating Bitpowr wallet APIs can accelerate and streamline the development of your product.

BArticle3_8.jpg

Use Bitpowr wallet APIs to Scale your Blockchain Products

We are always working to improve our product by including functionalities that will enable you to achieve your business goals in the easiest and most secure way possible. In line with this commitment, we are excited to introduce a new feature on your Bitpowr dashboard: the activity log page.

You can now view a detailed chronological breakdown of all key activities carried out on your [Bitpowr dashboard in one place](https://bitpowr.com/contact-us). 

![Activity log 1.png](https://res.cloudinary.com/samvwede/image/upload/v1675658001/Activity_log_1_1831e3dceb.png)

As a business, it's critical that you can keep track of what's happening on your digital asset management account including what other users are doing and other vital details.

This is crucial as such records can serve as audit logs in case of any incident. This is why we've designed the activity log page to include all vital details of user activity on your Bitpowr dashboard.

From the activity log page, you can see a list of all actions carried out and filter them by user and date. You can also search for a specific task like who sent what to a particular address.

![Activity log 2.png](https://res.cloudinary.com/samvwede/image/upload/v1675658001/Activity_log_2_c1a2e3a5e8.png)

On top of that, clicking on each activity provides more information about the task, including details about the user, the action carried out and the IP of the user when that specific event happened.

![Activity log 3.png](https://res.cloudinary.com/samvwede/image/upload/v1675658002/Activity_log_3_46cf9b3828.png)

[Explore the activity log page](https://bitpowr.com/contact-us) and let us know what you think! We remain committed to delivering all the tools you need to seamlessly and securely manage your digital asset operations.

Find out how to see a detailed breakdown of all actions carried out on your Bitpowr account.

activity announcement.jpg

Introducing Activity Log Page on Bitpowr

### **Bitpowr : A Wallet and Digital Assets Infrastructure**

Bitpowr aims to make building and scaling your business or product ridiculously easy on the blockchain


Web3, Blockchain, DAOs, NFTs, and the new Metaverse are the latest buzzing words and terms painting the future of a decentralized world of finance and ownership. The blockchain and crypto space keeps evolving and has pretty much been amazing with what is and could be achieved in a matter of time.
Blockchain is the future of decentralized finance, borderless payments, and ownership. These unique benefits of blockchain and its ecosystem can be harnessed by businesses, startups, and individuals to scale and access the global digital market at large.


Blockchain technology has seen a lot of hype especially in the finance ecosystem, which makes many business leaders keenly interested in adopting it to their business components but also concerned about blockchain challenges and risks.



### **The Problem**


The current state of building a blockchain product is still very complex as blockchain itself is a piece of sophisticated technology and the learning curve requires an amount of time to understand its workings.


Existing businesses or new startups or individuals tend to experience a lot of issues when they try to implement blockchain into their product and this basically costs time and money thereby reducing the adoption of blockchain.


When building on the blockchain, you’ll be faced with some issues such as:


1. Cost of building on the blockchain
2. The adequate skill set required to develop


3. Security- ensuring security at every level to keep funds secured


4. Multi Chain and Blockchain interoperability - no uniformed structure and implementation for different blockchains


5. Scalability

 


It can't be ignored that these listed issues are not significant hurdles to blockchain implementation and adoption.



Building on the blockchain can be very expensive, time-consuming, and complex especially if you don't have the right skill set of people to get it done.

<br>

### **The Solution**

The solution is a blockchain and crypto infrastructure that facilitates easy implementation and adoption of blockchain into new and existing products.



Bitpowr is already doing this by making it extremely easy to implement blockchain, crypto, and digital assets into your product or application.



We have built a blockchain wallet and digital assets infrastructure that lets you easily create and manage blockchain wallets, process crypto transactions, manage digital assets and manage your accounts across crypto and exchanges platforms.



Bitpowr’s wallet infrastructure enables access to the digital economy at large to businesses and individuals. It establishes an absolute balance between security and accessibility —which is enabling customers to move assets seamlessly and reliably, secured by Bitpowr MPC cryptosystems, user and account policies, and an advanced transaction approval process.



To accommodate different kinds of business use cases, Bitpowr provides different types of wallets with layers of platform security and transaction policy features to meet a wide range of business needs.



We currently support a wide range of digital assets and blockchains. We have support for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Polygon, Tron, Binance Smart Chain and currently implementing Solana, Dogecoin, and Terra. In the pipeline, we are looking to integrate Stellar, Ripple, Fantom, and Arbitrum. This would ensure easy support for different blockchains in your product.




Bitpowr has provided a simple UI for easy management of your accounts and as well as API and SDKs, which can be used to manage your wallets, create transactions, and connect to our blockchains APIs easily.



We started Bitpowr to help businesses and individuals scale their crypto product seamlessly on the blockchain and the past nine months is focused on building the infrastructure to support different blockchain integrations and the wallet infrastructure itself.

<br>

### **The Future**

![1_qGWes5NHl0ojUdlOFvDw6A.jpeg](https://res.cloudinary.com/dreezy/image/upload/v1649260445/1_qGWes5NHl0ojUdlOFvDw6A_ym0shj.jpg)



Bitpowr is out of early access and now onboarding clients massively to help them scale their product with digital assets easily on the blockchain.



We are building a platform that lets you focus on what's necessary — building your product while we help you handle the crypto and blockchain integrations for your business day to day operations.

Check out [our documentation](https://apidocs.bitpowr.com/) to learn more about our wallet services and other related products. 
[Contact sales](https://www.bitpowr.com/contact#contact) or send an email to sales@bitpowr.com to get started!

Bitpowr aims to make building and scaling your business or product ridiculously easy on the blockchain (read more)

ba22_08b.jpg

Bitpowr : A Wallet and Digital Assets Infrastructure

The year 2023 has brought significant changes compared to what we anticipated in 2022. We have witnessed numerous groundbreaking developments that have shaken up the crypto ecosystem throughout both years.

We witnessed the collapse of major exchanges, DeFI platforms, and firms, leading to a drop in crypto prices and a loss of trust among businesses, high-net-worth investors, and venture capitalists. As a result, many users sought refuge in self-custody, which has led to an increase in self-custody solutions like MPC (Multi-Party Computation).

However, the year 2023 has been great for Bitpowr. We have reached new heights from both a business and product perspective, and have shipped new awesome features for our customers.

In December 2022, we were processing $2m per month. However, by September 2023, our processing volume increased significantly to over $16m+ per month. Additionally, in 2023 alone, we successfully onboarded and partnered with more than 50+ interesting customers in Asia and Africa, each with unique use cases.

On July 2023, I tweeted that Bitpowr processed over $70m+ in Total Transaction Volume (TTV) on X. It only took a little over a month to reach over $100m+ by late August. And then, within 4 months, that amount doubled.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Crossed $70m+ already. We processed around $13m+ TTV in June alone. Glad this is growing. <a href="https://t.co/aMKnSYcYtF">https://t.co/aMKnSYcYtF</a></p>&mdash; Oyetoke Toby (@OyetokeT) <a href="https://twitter.com/OyetokeT/status/1677281190603096064?ref_src=twsrc%5Etfw">July 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In 2023, we processed over 15 million API calls made by our customers and handled more than 700,000 transactions across multiple blockchains worth over $200m+.

![bitpwr 2023 wrap1.jpg](https://res.cloudinary.com/dskb0ngav/image/upload/v1704138094/bitpwr_2023_wrap1_4d916f2fb1.jpg)

Speaking of blockchains, we integrated 3 Layer 2 blockchains such as Base, Arbitrum, and Optimism. Additionally, we integrated other chains like Near, Avalanche, Hedera, and Tezos.

![Bitpowr launches L2 EVM.webp](https://res.cloudinary.com/dskb0ngav/image/upload/v1704308258/Bitpowr_launches_L2_EVM_2e01f0be7b.webp)

Over the last few months, we have experienced a huge surge in interest in self-custody solutions giving rise to solutions based on MPC and also account abstraction smart wallets for better user experience on the EVM chain.

Bitpowr was started as a blockchain infrastructure for businesses to remove the complexity of working with digital assets and build blockchain-powered products.

We launched our first product, Bitpowr Custody, in January 2022. It is a wallet infrastructure and MPC-based custody solution that allows businesses to securely manage digital assets and issue secure wallets for their customers.

One of the main requests was to enhance the functionality of the generated wallet interactions, like allowing users to interact with decentralized finance (DeFi), sign raw transactions and messages, perform on-chain interactions such as swaps, and give the option to organizations to offer full control of the wallet to end users.

This has enabled us to realign with our initial vision of a programmable secure wallet and self-custody solution, providing absolute control and security over users’ assets.

Our goal for next year is to simplify the management of daily on-chain crypto strategies and operations for organizations and high-net-worth investors, while securely issuing programmable wallets for users, and signing and approving transactions with a flexible and customizable policy engine via our Developers API.

To wrap up the year, we have begun the process of conducting our SOC 2 Type II and ISO 27001 audits in 2023. We expect to obtain full certification by Q2 2024. This is a significant achievement for us, as it significantly improves the security of our users’ data and assets. It marks a major milestone for Bitpowr.

As we continue to advance our mission in 2024, we remain committed to actively listening to our customers and addressing the problems you have shared with us. We would be delighted to have a brief call with you to discuss how we can assist you. By engaging in conversations with our customers, we gain valuable insights into their needs and how our products impact their operations. This ongoing dialogue has played a significant role in driving our continuous improvement. To schedule a call, please [click](https://calendly.com/bitpowrtechnology) here or you can just send an email to hi@bitpowr.com.

Thank you for trusting Bitpowr and giving us a reason to build. On behalf of the Bitpowr team, I wish you, your team, and your loved ones a happy new year and prosperity in 2024.


Our blog

Resources and insights

Amazing year at Bitpowr

Bitpowr’s Webhook Revamp

Bitpowr’s New Collection Policy Features

Bitpowr’s Customizable Policy Engine

You can now Stake TRON on Bitpowr via API

Two-Factor Authentication now live on Bitpowr

Use Bitpowr wallet APIs to Scale your Blockchain Products

Introducing Activity Log Page on Bitpowr

Bitpowr : A Wallet and Digital Assets Infrastructure

Amazing year at Bitpowr

Bitpowr’s Webhook Revamp

Bitpowr’s New Collection Policy Features

Bitpowr’s Customizable Policy Engine

You can now Stake TRON on Bitpowr via API

Two-Factor Authentication now live on Bitpowr

Use Bitpowr wallet APIs to Scale your Blockchain Products

Introducing Activity Log Page on Bitpowr

Bitpowr : A Wallet and Digital Assets Infrastructure

NEWSLETTER

STAY UP TO DATE