Bitcoin still alive, what about your life?

Report of bitcoin demise may have been excessively or inappropriately but everyone who’s currently holding bitcoin is going to fade up one day (probably).

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What happens to our digital remnants when we die has been a problem the likes of  facebook and google have already have grabble with —but digital currency like bitcoin makes the problem far more pressing.

Now, British .-based coincover , was found just last year and has teamed up with Palo Alto-headquartered bitcoin storage company bitgo to offer bitcoin and cryptocurrency wills—hoping to solve the problem of what happens to your bitcoin when you are not alive.

When a person dies while having bitcoin in his or her wallet, there is no access to recover the wallet. Coincover reckons around 2 million bitcoin (worth some $22 billion at current prices) has been lost as a result of people dying without letting their next of kin know how to access it.

And as bitcoin and crypto become more mainstream (eventually), the number of bitcoin being lost forever into the ether is only like to rise.

“As bitcoin becomes more characteristic and its value continues to increase, considering how to manage it as part of an estate planning exercise is becoming inacreasingly difficult,” said David Janczewski, Coincover’s cofounder and chief executive, adding that, with bitcoin, “there’s no bank manager to ask, and no one can break in for you.”

Earlier this year, in perhaps the worst case of posthumously lost bitcoin, the chief executive of Canadian bitcoin and crypto exchange Quadriga, Gerald Cotten, died suddenly while on vacation in India, leaving hundreds of millions of dollars in bitcoin and other cryptocurrencies apparently unrecoverable

Though Coincover’s service does little more than hand out pseudo-wallet keys to people’s next of kin, bitcoin and cryptocurrency remains so clunky and tricky to use that most spouses, children, or parents of bitcoin holders would be unable to recover it on their own.

It may be that as crypto and digital asset services improve there won’t be a need for this kind of service, but for now those with extensive bitcoin and crypto holdings are understandably worried. get the best of dailycashdollar of your inbox with the latest insights from experts across the globe.