Why build Proton Wallet?
Early in our journey, we experienced first-hand what it’s like being cut off from the financial system and at the mercy of large banks and institutions — an ordeal that affects millions of people across the globe. In the summer of 2014, as the original Proton Mail crowdfunding campaign was in progress, Proton had a near-death experience when PayPal froze our funds(new window), questioned whether encryption was legal, and whether Proton had government approval to encrypt emails.
Fortunately, in that instance PayPal returned the blocked funds, and Proton was able to start the journey that we’ve been on for the past decade. However, that dangerous moment has always stayed in our minds, and we still keep a proportion of Proton’s financial reserves in Bitcoin.
Having experienced firsthand the unreliability of the traditional financial sector, building Proton Wallet is an important strategic move to make Proton more resilient and independent in the future. By enabling us and the entire Proton community to more easily adopt means of payment that deliver on the promise of financial freedom for all, we better insulate Proton from the risks posed by traditional finance.
This person was claiming in another thread that Americans would never vote for a black woman
“After years of pushing their proprietary and closed solutions to privacy minded people Proton decided that it was in their best interest to further bury said users into their service as a form of vendor lock-in. To achieve this they made yet another non-standard implementation of something that already existed, this time a crypto wallet." :)
Why
Exactly. Bitcoin is a zombie technology. And Monero is taking the reins.
