Ciphrex Takes On Bitcoin Wallet Software

San Diego-based Ciphrex, a new software startup in the Bitcoin space, said this morning that it has launched a new software product for the Bitcoin market, called Bitcoin Vault. Ciphrex said its software provides a secure, software wallet for Bitcoin transactions and account management. Ciphrex said its beta software is free. Ciphrex said its Bitcoin wallet software includes a feature called "multisignature security", which is not supported by software from any other company. The company says it is in the midst of looking for investors to fund its next development phase.