American companies have developed a crypto wallet for embedding under the skin
Date: 2024-07-11 Author: Gabriel Deangelo Categories: BUSINESS
Two American companies, VivoKey Technologies and Dangerous Things, have taken a step into the future by developing a unique crypto wallet that can be built into the human body. This innovation promises to change the way cryptocurrencies are stored and used, offering a new level of security and convenience.
The Apex hardware wallets introduced by these companies are tablet-sized and use near-field communication (NFC) and radio frequency identification (RFID) technologies. The cost of such a device is $349, which makes it accessible to a wide audience.
Interface and security
Founder and CEO of VivoKey Technologies and Dangerous Things Amal Graafstra spoke about the functionality and security of the new wallets. According to him, the device is intended for sending cryptocurrencies, where the application on the phone serves as the interface, but does not contain private keys. The private key and the actual signing of transactions occur directly on the chip, greatly increasing security.
In addition to transactions with crypto assets, the chip can be used for various everyday tasks, such as opening doors and paying for goods and services, such as a cup of coffee. This makes the device multifunctional and useful in everyday life.
Implantation process
Graafstra explained that the process of implanting the device is quite simple and takes just seconds. The Apex chip is very thin and is inserted through a needle inserted under the skin, after which the device is inserted into the incision. Most of the time is spent on preparation, applying a bandage and ensuring that the bleeding stops.
This innovation from VivoKey Technologies and Dangerous Things represents a significant step forward in the security and usability of cryptocurrencies. The introduction of such technologies into everyday life promises many new opportunities for users, making cryptocurrencies even more accessible and secure.
Interest in crypto wallets is growing, and other companies are also starting to implement similar technologies. For example, Vodafone recently announced its intention to integrate a crypto wallet into the SIM card, indicating growing interest in new methods of storing and using crypto assets.
