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Electrum is a bitcoin wallet that helps businesses process cryptocurrencies across websites. It enables merchants to verify online transactions, accept payments and secure data from malware or virus attacks through two-factor authentication (2FA) capability.
It lets businesses securely store private keys, define custom phrases to recover funds and verify historical transactions using the SPV technique. Features of Electrum include data encryption, offline access, invoice processing, and transaction monitoring.
Electrum supports integration with various third-party hardware wallet systems such as Ledger, Trezor, Keepkey and more. The platform is available to users for free and support is extended via FAQs, documentation and other online measures.
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