Technology has come a long way now and gadgets are becoming more tech-savvy with passing time. One more new innovation has entered the market which is the world’s first functional bitcoin watch. Of course, this is a luxury timepiece that comes from Swiss designer Franck Muller. This premium class watch goes by the name Encrypto. It is currently available for online purchase. People can also buy it at the Dubai mall Store.

The dial of the watch sports the popular logo of Bitcoin. Also, it displays a QR code of Bitcoin’s genesis block address. The watch face comprises a QR code for a public wallet address. It can be used to deposit bitcoin and check for the balance. To store the private key, the watch is accompanied by a sealed USB stick. The wallet makes use of non-deterministic TRNGs that are hackproof.

Being a special edition release, there will be 500 units each for both genders that will be available for sale. Its price tag is definitely ultra premium as it is of Swiss make and belongs to the luxury segment. The cost of the World’s first functional Bitcoin watch starts at $10,000 and can go up to $60,000. Some of the models of Encrypto will also feature expensive metal and diamond designs on the dial.

In the future, Frank Muller may also come up with timepieces that will feature other cryptocurrencies such as Ether and XRP.