Bitcoin hardware wallet provider KeepKey has announced that it is discontinuing Multibit bitcoin wallet, effective immediately.

Ken Hodler, Chief Technical Officer at KeepKey made the announcement in a blog post.

KeepKey acquired Multibit in May 2016, which marked its first M&A deal since its founding in 2014. At the time of acquisition, Multibit engineers announced that they would no longer be working on it or providing support.

Hodler wrote:

“The reality is that Multibit is in need of a lot of work. It has stubborn bugs that have caused us and Multibit users much grief. Additionally, Bitcoin has gone through a fundamental change in regards to the way fees work. The addition of SegWit in the coming weeks will mean the Multibit software has fallen still further behind.”

He explained that KeepKey does not have the resources to support the existing issues, nor to rebuild Multibit. The company will focus on the KeepKey device to continue building and improving the hardware wallet.

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