'Dropbox alternative' now accepts Bitcoin as part of enhanced privacy service
Encrypted cloud storage and file sharing firm Sync.com, a &lsquo;Dropbox alternative&rsquo; that has over 100,000 individual and business users globally, has begun accepting Bitcoin as a payment method. Thomas Savundra, CEO of Sync, said that, &ldquo;Sync offers a completely private alternative to consumer grade cloud storage services such as Dropbox, through the use of zero-knowledge encryption. Simply put, we can&rsquo;t access the data stored on our servers. With Bitcoin, our customers can enjoy absolute privacy in the cloud for both their data and payments.&rdquo; The solution is seen as an effort to appeal to more privacy-conscious individuals and companies, of which there are many in the Bitcoin community.
Encrypted cloud storage and file sharing company Sync.com is now accepting payments by Bitcoin. The company, which has been described as a ‘Dropbox alternative”, has headquarters in Ontario, Canada. The company has a broad customer base with around 100,000 users globally. It bills itself as a “fully encrypted, zero-knowledge cloud service that makes it easy to store, share and access the files from everywhere – with guaranteed privacy.” Its adoption of Bitcoin payments adds additional flexibility for customers when paying for services.Bitcoin is a digital/crypto-currency that is gaining acceptance and popularity. The value of bitcoins changes based on a range of mathematical formulas. Its value reached a peak of $1,100 per coin in December 2013 but then dropped sharply. Its present value moves around the $228 per coin mark. Bitcoin is not without controversy. In February 2014 Bitcoin provider MtGox collapsed leading to some to call it a “digital Ponzi scheme”. However, it is now much closer to being regarded as mainstream, and has customers that include a range of web hosts and major companies like PayPal and Microsoft. The news that Sync.com is now accepting Bitcoin indicates that the cryptocurrency is gaining momentum.“Sync offers a completely private alternative to consumer-grade cloud storage services such as Dropbox, through the use of zero-knowledge encryption,” explained Sync’s CEO, Thomas Savundra. “Simply put, we can’t access the data stored on our servers and with Bitcoin, our customers can enjoy absolute privacy in the cloud for both their data and payments.”