Bitcoin security platform BitGo, Inc. has partnered with HYPR Corp. in order to bring biometric authentication to the blockchain space to secure digital assets, cryptocurrency, identities and private keys.

“We’re announcing a major partnership with BitGo to deliver biometric security to the world of digital assets, cryptocurrency, and decentralized identity”, HYPR said in a blog post.

BitGo offers an enterprise-grade, multi-sig, multi-user Bitcoin wallet, as well as API access to its underlying security platform. The startup secures more than $1 billion per month in digital assets with over 10,000 transactions on any given day.

"All of our customers are asking how to use biometric security to protect their digital assets. The HYPR team has been laser focused on this and provides a great solution for us”, Mike Belshe, CEO, BitGo, said in a statement.

HYPR allows users to choose from a variety of biometric authenticators such as fingerprint sensors, cameras and microphones on any device. It enables enterprises to keep encrypted biometric data decentralized, offline and out of hackers' reach. The BitGo-HYPR partnership will bring enhanced usability and security to enterprises’ blockchain-based use cases.

The alliance will enhance customer experience and security needs of both companies for use cases including decentralized identity, streamlined UX through HYPR-Secure biometric login, and the integration of BitGo's multi-signature platform for HYPR customers.

"It's astounding how often our enterprise clients request a solution for blockchain security upon integration of our technology. BitGo and HYPR share a common view of the importance of decentralized security protocols. I cannot imagine a better team to partner with”, George Avetisov, CEO, HYPR Corp. said.

HYPR also said that the latest union will accelerate the adoption of Fast Identity Online (FIDO) security standards in the bitcoin space, signifying a major push by the digital currency giant towards the emerging standards-based specifications.