CoolBitX, the secure crypto hardware wallet manufacturer, is announcing the launch of its globally acclaimed CoolWallet S in the United States, encouraging secure crypto storage among mainstream audiences. CoolBitX is also announcing its partnership with the Litecoin Foundation and plans to open a US office in order to expand its American presence. The secure storage pioneer is backed by $13 million in funding so far, including a major investment by Japanese FinTech giant, SBI Holdings (previously known as SoftBank Investment).
CoolBitX is the first truly mobile secure cold storage solution for crypto holders. Until now, users have had to rely on insecure software wallets and cumbersome hardware wallet options. Software wallets are easily (and frequently) hacked due to multiple loopholes, backdoors, and constant connection to unsecured networks. Hardware wallet options to date have been clunky, and generally require a USB connection to use.
Sleek, and the size of a credit card, CoolWallet S is the first truly mobile hardware wallet. Secure features include:
- E-ink display: Reports currency balances, seeds, currency amounts, and addresses
- Physical confirmation button: With the tap of a button, users can confirm and authorize crypto payments
- Secure cold storage and bluetooth connectivity: Users can spend and exchange coins on the go. No more dealing with frustrating and tangled cords or desktop access
- 2+1 factor authentication security: Other hardware wallets on the market only use 1+1 factor authentication
- Damage-proof: Waterproof, heat and cold resistant, and tamper-proof
- Over-the-air updates: Currently supporting Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash, and ERC20 Tokens, CoolWallet S adds support for new currency each month via OTA updates for free
- CoolBitX native iOS and Android app: Providing a user-friendly mobile dashboard to exchange, monitor, and store crypto
CoolBitX’s new partnership with Litecoin Foundation brings Charlie Lee, the Founder of Litecoin, as an official CoolBitX advisor. Together, CoolBitX and Litecoin Foundation will launch a co-branded CoolWallet S for sale exclusively during the Litecoin Summit event and on Litecoin Foundation’s website. This will grant CoolBitX access to Litecoin Foundation’s significant userbase. Moreover, Charlie brings his visionary expertise in scalability and his mission to achieve mass adoption of cryptocurrencies to the partnership. In turn, the CoolWallet S will be a consumer-friendly device that will help make Litecoin go mainstream as a universal payment tool.
“At CoolBitX, we want to eliminate pure, insecure software wallets and bring hardware wallets up to date by introducing the CoolWallet S,” said Michael Ou, Founder and CEO of CoolBitX. “We’re proud to be launching the CoolWallet S in America as a bridge between blockchain and greater audiences. This is an exciting opportunity to partner with Charlie Lee and the Litecoin Foundation, and we look forward to being the next generation of blockchain pioneers.”
“The CoolWallet S is one of the best hardware wallets I’ve ever used,” said Charlie Lee, Creator of Litecoin and Managing Director of the Litecoin Foundation. “It has one important feature that’s missing from every other hardware wallet: ease of use. It combines the security of hardware wallets with the ease of use of mobile wallets, a crucial step towards mass adoption.”
Because of CoolWallet S’s commercial success for the first three quarters of 2018, CoolBitX has been able to significantly reduce its production costs. As a result, the CoolWallet S will now be available for just $99, allowing even more users to take advantage of the wallet’s features and enabling daily usage of cryptocurrency storage and exchanging.
CoolBitX, founded in 2014 by Michael Ou, is a Taiwanese FinTech company specializing in manufacturing secure, US-patented digital asset hardware and developing smart contract platforms for millions of users. Backed by top VC firms, including SBI Holdings, Midana Capital, OwlTing, Kyber Capital, and Bitmain, CoolBitX has successfully delivered a bridge that will span between the blockchain and widespread public use. CoolBitX believes the faster decentralized blockchain technology achieves mass adoption and allows us to stop relying on unsecured centralized institutions, the better.
CoolBitX designed the most cutting-edge mobile wallet with unprecedented offline digital vault capabilities – CoolWallet S – which has become one of the market’s leading hardware wallets. Combining security, mobility, and flat-out coolness, the CoolWallet S has reset the world’s expectations for a hardware wallet with its credit card size and feel, physical flexibility, waterproof protection, and smart, over-the-air software and firmware updates that make it better over time.
About Litecoin Foundation
The Litecoin Foundation is a non-profit organization registered in Singapore. Its mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.