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Password Manager LastPass Hints at Bitcoin Acceptance

Last Updated March 4, 2021 4:48 PM
Samburaj Das
Last Updated March 4, 2021 4:48 PM

LastPass, commonly known as the most popular password manager and vault around has hinted at Bitcoin acceptance as payment for its paid (and premium) accounts.

Widely-used password manager and storage vault LastPass could soon begin accepting bitcoin as payment from users. The reveal came via a social media post recently from its support account, stating that Bitcoin support is on the company’s roadmap.

A popular password vault among individuals and enterprise, LastPass uses AES-256  bit encryption alongside PBKDF2 SHA-256  and salted hashes for password protection and security. The Virginia-based cybersecurity firm was recently acquired  by remote-access management giant LogMeIn in a $110 million deal.

Bitcoin has seen acceptance from a number of companies across various industries in recent times. The most prominent of them all was PC-gaming platform and marketplace Steam accepting the cryptocurrency from users last month. The inclusion of bitcoin as settlement came about despite doubts previously expressed by Gabe Newell, co-founder of Valve (the parent company of Steam). The move comes after months of rumors wherein the gaming platform of 125 million active users was supposedly gearing up to enable the cryptocurrency as a payment method alongside traditional methods.

More recently, the Swiss town of Zug saw its city council decide to accept bitcoin as payment for municipal services, as a part of a pilot program revealed last week. The program will last until the end of 2016 and following an analysis, the city council will then decide if digital currencies are feasible payment options for municipal services in the future.

A representative for LastPass could not be immediately reached for comment.

Featured image from Shutterstock.