Believe it or not, there’s a crypto wallet that goes for $50,000.
Crypto investors have endless options when it comes to cryptocurrency wallets. The latest company to enter this industry is Frank Muller, a renowned manufacturer of Swiss luxury watches. The watchmaker has launched watches intended for cryptocurrency millionaires.
How It Works
QR code aside, every other feature of the crypto watch is similar to what you find in a standard Frank Muller product. Another notable inclusion is the Bitcoin logo at the center of the watch's face, but this is not a first because there are many watches with the insignias of other cryptocurrencies.
From a technical perspective, the crypto watch is a posh and aesthetic upgrade to standard paper wallets. Many experts consider paper wallets as the safest mechanism for storing digital assets. This is because of the security features provided by QR code technology.
The wallet itself is a USB stick sealed inside the watch. It stores your private keys and can be easily connected to your computer each time you wish to transact cryptocurrencies. Essentially, the crypto watch is a convenient way of carrying around your crypto wallet.
Regarding the entry of Frank Muller into the crypto industry, the watchmaker’s regional director said that the company has a history of embracing innovative ideas. He further labeled Bitcoin as the ‘millennial gold’, saying that the crypto watch is the perfect blend of innovation and personal preferences.
The crypto watch is available online as well as the Frank Muller shop at the Dubai Mall. The most expensive model goes for $50,600.