South Korean technology firm, Keypair, has officially launched a hardware wallet that supposedly looks like a credit card and relies on NFC technology. The company has revealed that its new addition will be supporting several cryptos including the likes of Bitcoin Cash (BCH), Ethereum (ETH), Bitcoin Core (BCC), and Litecoin (LTC).
This is not a first for Keypair, as the firm had released a previous model, in January, called the Keywallet Classic, which was supposedly an immediate success. The team believes that its later model, the Keywallet Touch will blend in smoothly, as it resembles traditional banking cards.
As for the specs, the Keywallet Touch is an 85.60 x 53.98 mm card, which contains the NFC technology responsible for communicating with any mobile device. As previously mentioned, it will be supporting a wide range of cryptocurrencies, with more focus on those based off of the Ethereum blockchain (ERC20).
While the hardware wallet is not open to the public as of yet, it has been suggested that its price is as low as $69.99, which is far more inexpensive compared to the usual $100 plus.
According to the CEO of Keypair, Kevin Lee, this initiative was founded solely to provide a wallet that will maximize on security.
In particular, he stated that
“The card is built with Secure Element and its OS and Crypto libraries made by the firm.”
The credit card design is not that original either, as a similar hardware wallet type called the Coolwallet device already exists. Since they are both relatively new, it will be interesting to see how crypto investors are liking its overall design. An advantage, however, is its convenience, as the cards only weight approximately 5.4grams.
For the time being, the Keywallet Touch will be only available for Android users, who will be able to download the respective app via Google Play. As for iOS devices, the company believes a compatible wallet will surely come out in the months to come.