Pioneer luxury watchmaker who just went into designing exotic cryptocurrency watch, Frank Muller, announces it is including Ethereum, Ripple’s XRP and other top 5 cryptocurrencies in its future models.
The renowned Swiss Watchmaker announced a release showcasing the launch of world’s first functional Bitcoin watch named Encrypto, courtesy of a collaboration with Regal Assets.
On May 22, Frank Muller declared that the timepiece is embedded with two distinct “Deep Cold Storage” sets.
The cold storage, according to the press release, comes with “its own unique public address etched on the dial and a sealed USB containing the private key”.
Bitcoin In Focus
The watch is designed by Franck Muller with the Bitcoin world in focus. The dial is made using the QR code of Satoshi’s Genesis Block address.
As well, the frame of the watch houses the public wallet address in the form of a QR code. The Muller’s watch gives users the opportunity to customize the band and the dial.
While affirming that Bitcoin is the millennial gold, the creator of the watch says it needs not shy away from innovation and hence, the creation of Encrypto.
The innovation is made possible through Regal Assets, a crypto firm with offices in the UK, UAE, Canada, and the US. The firm says it accepts Bitcoin, credit card and bank transfer as means of payments.
As to the watch’s cold storage, which plans to include Ripple’s XRP, Ethereum, and three other top 5 cryptos, the wallets make use of “offline generated, non-deterministic TRNGs (True Random Numbers Generated)” that is not susceptible to hacking.
Ethereum and Ripple’s XRP to Follow
Frank Muller says it is exploring Ethereum and the top five coins, including Ripple XRP for future models.
This development is one of the ways to bring about crypto adoption across the globe. When stored cryptos are not susceptible to hacking, there is peace of mind among cryptocurrency enthusiasts who are willing to keep their funds for a long period.