Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off the global launch of its CoolWallet S hardware in the United States. CoolBitX envisions a future in which retail consumers use their cryptographic wallet hardware and the company has got $ 13 million in funding to run this mission. Investors include SBI Holdings (think SoftBank).
CoolBitX launches a hardware portfolio that looks like a credit card. Founded in 2014 by Michael Ou, the CoolWallet S expects to be available for $ 99.
The portfolio currently supports Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash and ERC20. The new encryption will be added on an ongoing basis via wireless updates. The wallet mates with an & # 39; iOS or Android app. The e-ink display can display balances in currency, seeds, currency amounts and addresses. The company describes CoolBit X "the first safe and mobile cold storage solution for cryptographic owners."
Ou says they want to eliminate unsafe software portfolios and cumbersome hardware wallets with the CoolWallet S.
"We are proud to be launching the CoolWallet S in America as a bridge between blockchain and a wider audience. 39. an exciting opportunity to collaborate with Charlie Lee and the Litecoin Foundation, and we look forward to being the next generation of blockchain pioneers. "
Charlie Lee, Litecoin Creator and Managing Director of the Litecoin Foundation, calls CoolWallet S one of the best hardware wallets I've ever used.
"It has an important feature that is missing from any other hardware portfolio: ease of use," says Lee. "It combines the security of hardware portfolios with the ease of use of mobile wallets, a crucial step towards mass adoption."