Civic Technologies, a provider of blockchain-based identity and payment, and digital asset financial services provider BitGo, announced that they will launch the Civic Wallet in the fourth quarter, according to a company release.. 

The Civic Wallet, based on BitGo's multisig technology, will allow users to store and transact crypto payments with privacy and security. 

Vinny Lingham, co-founder and CEO of Civic, said the company is building a new financial and identity ecosystem and was building the wallet of the future. 

"With Civic Wallet, it will be easy and safe to transfer, hold and use crypto, so that people who are not technologically savvy can use it too,” he said in the release. "The world needs tools that lower the barrier to entry for blockchain technology.”