Crypto Wallet CoolBitX collects $ 13 million in financing, Litecoin's partner


Crypto Wallet CoolBitX collects 13 million dollars in financing, Litecoin partner

Advertisements, investments, news | 17 September 2018 br>
By: David Pimentel

Crypto CoolBitX hardware portfolio has raised $ 13 million in funding from investors, including SBI Holdings, Midana Capital, OwlTing, Kyber Capital and Bitmain.

Founded in 2014 by Michael Ou, CoolBitX is a Taiwanese company FinTech specializing in the production of secure and patented digital hardware in the United States and in the development of intelligent contract platforms. The cryptographic wallet of the company's credit card, called CoolWallet S, combines security and mobility. It currently supports bitcoins, Litecoin, ethereum, XRP, Bitcoin Cash and other ERC20 tokens. The app's iOS or Android app shows currency balances, seeds, currency amounts, and addresses on the e-ink display. It also has a physical confirmation button that allows users to confirm and authorize cryptographic payments.

The company said the funds will be used to open an office in the United States in order to expand its American presence.

"At CoolBitX, we want to eliminate pure and insecure software portfolios and upgrade hardware portfolios by introducing CoolWallet S," said Michael Ou, founder and CEO of CoolBitX. "We are proud to launch the CoolWallet S in America as a bridge between blockchain and a wider audience."

CoolBitX also announced its partnership with the Litecoin Foundation to launch a co-branded CoolWallet S for sale exclusively during the Litecoin Summit event and on the Litecoin Foundation website. In addition, Charlie Lee, founder of Litecoin, will be an official director of CoolBitX.

"This is an exciting opportunity to collaborate with Charlie Lee and the Litecoin Foundation, and we look forward to being the next generation of blockchain pioneers," Ou said.

Lee, who will bring visionary experience in scalability and his mission to achieve mass adoption of cryptocurrencies to the partnership, defines the CoolWallet S one of the best hardware portfolios I've ever used.

"It has one important feature that is missing from any other hardware portfolio: ease of use," Lee said. "It combines the security of hardware portfolios with the ease of use of mobile wallets, a crucial step towards mass adoption."

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