Altcoin News: Franck Muller Launches Bitcoin Deep Cold Storage Watches

May 23, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Swiss famous pioneer luxury watchmaker Franck Muller on Wednesday announced the release of the world’s first functional Bitcoin watch, Encrypto.

The functionality of Encrypto is the possibility of “deep cold storage” of Bitcoin. Together with the clock, the owner receives a USB-wallet containing a private key from the address in the Bitcoin blockchain, while the public key is applied to the watch dial.

Image credit: prnewswire.com

As the company notes, the Bitcoin cold storage system was developed by it in collaboration with a crypto-investment firm Regal Assets.

Encrypto will be available in limited editions — up to 500 units of each model. The cost per unit will range from $10,000 to $60,000.

Franck Muller regional director Erol Baliyan said that in the future, the company may consider releasing watches with the support of five leading cryptocurrencies, including Ethereum and XRP.

In January, another Swiss luxury watch manufacturer A. Favre & Fils announced the launch of its own model with the support of a cold crypto wallet worth up to $150,000.

Author: Marko Vidrih