CoinLock allows users to sell files for Bitcoin in an easy and safe way

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There’s a new online service that helps you to sell virtual files for Bitcoins in a safe and quick way. CoinLock allows merchants to upload their files and set the price through the platform, getting a link that they can embed anywhere. The next step is equally simple: when a customer wants to buy the files, he just has to follow the link, make the payment and download the content.

Until now, selling files online – software or music, just to give a few examples – was a piece of work. But that’s where CoinLock can help by simplifying this process. The platform hosts the encrypted files, the payment decrypts it and sends it to the client for download.

“CoinLock aims to be the most frictionless way to sell digital content that has ever existed. We took a step back and rethought what it meant to sell paid content, and have created a service that is very easy to use, does not require an online storefront, a bank account, has no commitment or upfront costs, and provides strong assurances of privacy and anonymity. At the end of the day it is nobody’s business what legal content you buy or sell”, explains Matt Brandon, from the Florida-based CoinLock.

All the users need to do when using the platform’s services is enter the address that will receive the payments, define how much the files cost and upload the content that is getting sold. “The link you get back can be placed directly into a blog, an existing solution, or wherever a URL can be used and people can instantly buy that content with Bitcoin. A fairly powerful idea, and we hope people see the potential and help us build a strong community of users”, the representative says.

Besides making the process simpler, CoinLock also assures complete privacy to the clients: the service doesn’t work with accounts and the company’s staff cannot decrypt the files stored on the platform’s servers.

The uploaded files are encrypted on the users’ browsers before the upload. This means the client keeps the only key that “unlocks” the files. The decryption key is then provided as part of the CoinLock URL, but it’s up to the merchant how to share that link with others.

Via coindesk.com

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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