Hardware wallets have made safely storing bitcoins easy, and as a result, more people than ever are storing their bitcoin securely.
Though convenient for long term storage, the process involved in sending bitcoins out of the devices is difficult, making them unsuitable for daily use. Today, most bitcoin purchases made in person are done with a mobile phone, which is not exactly a secure option for storing money.
These difficulties have motivated a Vancouver-based company to bring the cold storage security to point-of-sale (POS) bitcoin payments with a new kind of hardware wallet called CoolWallet.
The Credit Card Size and Shaped Coolwallet S Cryptocurrency Hardware Wallet
Coolbitx is a Taiwanese financial-tech company founded by Michael Ou in 2014 that creates digital asset hardware wallets as well as smart contract development platforms. Back then the wallet creators started an Indiegogo campaign featuring the credit card shaped hardware wallet that allowed the secure storage of bitcoin private keys. During the Indiegogo campaign, the team raised $21,686 USD through 184 backers, 108 percent of their goal. Moreover, the startup Coolbitx is backed by firms such as Bitmain Technologies, SBI Holdings, Kyber Capital, Midana Capital, and more.
Basically, the Coolwallet S is the size of a traditional credit card at roughly 85.60 × 53.98 mm with rounded corners. It has a display on the upper left side which shows the wallet’s data like sending and balances. The creators of the Coolwallet S device claim that cryptocurrencies are held in an isolated offline environment and the card’s tactile button ensures an owner’s two-factor authentication process. The Coolwallet S holds five popular digital assets such as Ethereum (ETH), Bitcoin Core (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and an assortment of ERC-20 tokens.
Coolwallet is NFC & Bluetooth Compatible and Also Works With Mobile Phones
The wallet developers have made the card flexible, waterproof, and fire resistant as well. The Coolwallet S syncs data via encrypted Bluetooth technology and itsNFC (Near Field Communication) charger powers the device with its own power dock. Moreover, the new Coolwallet S can be tethered to a mobile application for Android and iOS devices.
- “Keep it private, keep it safe, keep it Cool,” says the Coolbitx developers.
The Coolwallet S is a bit more expensive compared to other hardware wallets on the market like Keepkey, Digital Bitbox, Trezor, and Ledger. The Coolwallet S costs $189 but users can purchase a ‘Duo’ package for $299. One thing we noticed when proceeding to the checkout is the wallet has to be purchased with a credit card, as there was no option to pay for this product with a cryptocurrency.
Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.
For More information:
Website: https://coolwallet.io
Reddit: https://www.reddit.com/r/CoolWallet/
Telegram: https://t.me/CoolWalletS
Twitter: https://twitter.com/coolwallet
Facebook: https://www.facebook.com/coolwallet/
Author:
Gugun189: https://bitcointalk.org/index.php?action=profile;u=1366850
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