High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin storage watch "Encrypto," according to a report by Cointelegraph Brasil on May 23.
In addition to being a high-end fashion accessory, with a price ranging from $9,800 to $50,600, the watch reportedly also functions as a cold wallet for BTC. The watch is reported to be engraved with a public address on its dial and comes paired with a private key on a USB drive.
According to the firm, the "Deep cold storage wallet" is unhackable and uses "Offline generated, non-deterministic TRNGs."
"Bitcoin is the perfect marriage between innovation and personal choice."
The Encrypto can be bought with BTC or traditional payment methods.
The company is reportedly considering the production of functionally similar timepieces that support other top-five cryptocurrencies, such as ether and Ripple's XRP. As reported May 24, another Swiss luxury watch and clock manufacturer, Vacheron Constantin, will start using blockchain technology to track its timepieces.
Last year, Cointelegraph reported that Hublot - yet another Swiss luxury watch maker - released a limited edition model commemorating the 10th anniversary of the bitcoin white paper.
The watch, Big Bang Blockchain, could only be bought with BTC and only 210 copies were made, a reference to Bitcoin's fixed supply cap of 210 thousand coins.
Franck Muller Releases Luxury Watch With Bitcoin Cold Wallet Functionality
Published on May 26, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.