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 is a Taiwan-based company which describes itself as "a group of passionate Bitcoin supporters who are interested in new technologies and want to contribute our expertise to the future of finance". The company has recently raised $500,000 and plans to develop a secure system for encrypting files smartphones, and a Bitcoin exchange. They are planning to issue co-branded wallets with enterprise clients and to develop a "blockchain medical record".
CoolWallet S hardware wallet brings about a new dimension to the hardware wallets. While most hardware wallets require you to connect them to your devices using USB cable, CoolBITX introduces the first wireless hardware wallet that resembles your traditional credit cards. Now you will be able to easily move around with your digital hardware wallet in the form of a simple electronic card enabling you to carry out your transaction and access your personal details anywhere you go. You can simply slip the card into your wallet.
CoolWallet aim is not limited to just storing your digital coins. The manufacturers saw the need to expand its uses to make it a utility card. In addition to storing your private and public keys, in the future, you will be able to keep your medical records, passwords, ID numbers as well as your bank account details. CoolWallet S represents the future of digital offline storage.
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How to use Coolwallet?
To use Coolwallet, you have to buy the product with the company and then buy and/or transfer your Bitcoin to the new wallet. The wallet works with any device that has bluetooth, so you can use Coolwallet anywhere you want.
Coolwallet combines an app, a credit card with an electronic device that has to be used together with a computer, a smartphone or a tablet to work. The product has a guarantee of 12 months. Using the app you can pay any merchant that deals with Bitcoin anywhere.
If you don’t want to use it anymore, you can delete all of your Bitcoin data from the wallet before selling the product for someone else. To do that you have to use the reset button on the app.
You can save as many Bitcoins as you want in your Coolwallet. Even if you lose the Coolwallet you can still restore your money.
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Security of CoolWallet.
As with all hardware wallets, security is the main concern. CoolWallet S has taken this to a new level with the separation from online accounts with a company and instead has taken to 100% offline cold storage through phone connectivity. All you have to do is download the app and you are away.
CoolBitX have taken security one step further by taking complete control of the card manufacturing process. This removes the risk of a potential third-party manufacturer either creating faulty hardware or installing a backdoor security feature that they would not be aware of. As the company doesn’t have a firm reputation in the crypto-community, only time will tell if this is a good or bad thing.
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Design of CoolWallet
The design of this wallet oozes a serious business vibe. It has a classy black and gold exterior that is completely waterproof. On its front, CoolWallet has a 24.6mm by 21.9mm display screen. The small screen displays a variety of important information including your seeds and passwords as well as the authorization to send funds out.
The coolwallet card is waterproof, impact resistant, tamperproof and is resistant to both heat and cold. though, to be fair, I wouldn’t recommend testing these claims. The card features an acceptable amount of flex, though I would also caution against seeing how far it can fold. Still, it can easily slip into a normal pocket wallet with your IDs and credit cards, and I wouldn’t worry about it breaking any more than I’d worry about my American Express card snapping in my pocket.
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Strategic Partners.
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Overview of some the cool features of this cool wallet.
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It is not accessible to hackers even when connected to a computer and is immune to computer malware.
CoolWallet S Connects to multiple mobile and desktop devices and operating systems. It is compatible with any Bluetooth device.
Fits into your pocket wallet since it is the same size and shape with your ordinary credit cards.
It has a display screen that shows clear numbers.
Supports Bitcoin, Ethereum, Litecoin, and Ripple.
CoolWallet is 100% disconnected from the internet and only sends signed transactions to your mobile phone.
It is super thin fitting nicely into your wallet.
It has a control button that you can use to navigate through the features in the card.
It has a battery that lasts up to two years and is rechargeable.
It is heat resistant, waterproof, and can bend up to 15 degrees.
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People behind the "CoolWallet" Project.
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Learn more about "CoolWallet"
- Website : https://coolwallet.io
Telegram : https://t.me/CoolWalletS
- Facebook : https://www.facebook.com/coolwallet/
- Twitter : https://twitter.com/coolwallet
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User Name : Sun12
