Crypto Pioneer Bobby Lee Unveils Metal Hardware Wallet | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
According to news published by Yahoo Finance September 12, crypto pioneer Bobby Lee, who founded one of China’s first bitcoin exchange, is releasing its own hardware wallet. Similar to a credit card, it will feature one of the cheapest prices on the market.
A New Metal Hardware Wallet
Crypto pioneer and early investor Bobby Lee, announced his new venture Ballet at a blockchain event in Singapore. Ballet is a hardware wallet supporting multiple cryptocurrencies. According to Bobby Lee, the wallet is unhackable.
He also thinks that due to the peculiarity of generating public addresses and private keys in advance for users, it will be easier for non-crypto holders to manage digital assets without having to go through difficult set-up processes that most hardware wallets require.
The new wallet, called REAL, will be very similar to a credit card: it will be metal and it will feature a QR Code associated with the cryptocurrency wallet addresses. Under the QR Code, the metal wallet displays an encrypted code. Another string of encryption is put at the bottom of the card; the latter must be scratched off to be exposed.
Both codes can be used alongside Ballet mobile app to manage the private keys and make transactions. Ballet’s wallet should free users from hackers’ attacks, passwords, backups or trusting any third-party custodian. The mission is to attract adoption by removing all the complications surroundings cryptocurrency ownership.