New Sim Card Hardware Wallet

Date : 03/07/2019 @ 6:28PM
Source :ADVFN Crypto NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 3991.93000000  0.00000000 (0.00%) @ 9:48AM
Bitcoin share price Chart

New Sim Card Hardware Wallet


 
 

Bitcoin Global News (BGN)

March 07, 2019 -- ADVFN Crypto NewsWire -- The industry for cryptocurrency security services and devices continues to diversify. The technology itself is always evolving, and along with it, the hardware that facilitates its use. There are two primary types of cryptocurrency wallets for storage - hot or cold. Hot meaning connected to the internet, whereas cold could be a memory device, or simply the wallet restoration information kept in a digital or physical format.

However, the lines between these two types are beginning to blur as new technologies have allowed the live, transactable features of hot wallet to function with certain types of cold wallets. Samsung is a major proponent for using partitioned mobile devices as cryptocurrency wallets. This provides easy access to a wallet on a device that most people already carry with them at all times. But a new method for a removable hardware wallet is giving any phone with two sim card slots the ability to become a hardware wallet.

 

VaultTech Chip

This new hardware wallet design was created by VaultTech, a company founded in the United States. It works similarly to the most popular USB drive hardware wallets - Trezo or Ledger. For phones such as an iPhone that has only one sim card slot, a dongle can be used to integrate the storage device. However, the VaultTech Intellichip incorporates a couple unique features:

 

  • Device Locks - VaultTel allows you to lock access to your wallet to a specific device. When a device lock exists on your wallet, you can only access your wallet using a specific device.

  • Geo Locks - VaultTel allows you to lock access to your wallet to a specific geo fence. When a geo lock exists on your wallet, you can only access your wallet from a specific geo fence.

  • Wallet Backups - VaultTel allows you to backup your wallet electronically via additional VaultTel Chips.

  • Anti-Theft - biometric authentication ensures that no one can transfer your coins from your hardware wallet, install a spy screen recorder or Trojan to record what is happening on the hardware wallet.

 

The wallet is available in the U.S., and for pre-order at this time in European countries. There are two purchase options: an Android package for £75 ($98),and an iOS package at £100 ($131). The difference is required, because the VaultTel operates on the users phone with their own app.

 

 

By: BGN Editorial Staff

Bitcoin (COIN:BTCUSD)
Historical Stock Chart

1 Year : From Mar 2018 to Mar 2019

Click Here for more Bitcoin Charts.

Bitcoin (COIN:BTCUSD)
Intraday Stock Chart

Today : Sunday 24 March 2019

Click Here for more Bitcoin Charts.

Latest BTCUSD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190324 09:06:32