This means that funds in the wallet can be restored using old backups, diminishing the risks of losing funds.
Copay is open-source free software, it is not bound to companies or individuals. Anyone can copy, modify, verify or contribute to Copay.
Copay is tied into Bitpay - one of the larger Bitcoin merchant facilitators.
1234
394
$1,015,810,608,281
$11,599,829,522
68%