Ron Paul, Ex-Republican Presidential Candidate and Texas Congressman, Gets First Bitcoin Stored in a Physical Wallet
Lee who is also a member of the Bitcoin Foundation Board has specialized in developing Bitcoin wallets for his clientele at Ballet Crypto. The crypto entrepreneur offers cold storage services for BTC, basically one can store their coins in a physical wallet dubbed ‘REAL’. Crypto holders can operate these non-electronic wallets in a similar way to cards since they also include passphrases for verification.
Ron was gifted with one of Lee’s products, a gold-plated BTC wallet loaded with one coin, during the Litecoin summit in 2019. Given the current value of Bitcoin, the Ex-congressman increased his net worth by over $9,000 according to Coinmarketcap stats. In addition, the serial number on this specific wallet is based on Ron’s birthday and therefore customized as AA000820.
The Republican presidential candidate has in the past demonstrated interest in the cryptocurrency space. He has openly criticized the Federal Reserve by being an advocate for alternative currencies besides his strong inclination on the use of gold. Charlie Lee, Litecoin Founder, noted that both Bobby and Ron shared the same values as him in terms money liberation;
“We are all #libertarian — personal liberty and #freedomofmoney.”
Ballet Wallet Design
This cold storage cryptocurrency wallet was launched barely a month ago. The physical metal wallet is designed to generate a QR code that will be used when making payments. Once the QR code is verified against the addresses registered by Ballet Crypto then transactions are approved.