Kinesis recently announced that it would collaborate with CoolBitX Technology, which developed the world’s first credit-card-sized hardware wallets called the CoolWallet S. Through this partnership, Kinesis’ digital currencies, the KAG, KAU, and the KVT will be stored in this hardware wallet. Other crypto coins can also be stored in the wallet.
About the Hardware Wallet
This hardware wallet is a contemporary mobile solution, which secures crypto assets while empowering users. Since it is the size of a credit card, it can be safely fitted in the pocket or wallet of a user. As a result, it provides a discreet method to hold and access crypto on the go.
The wallet is compatible with iOS and Android devices. Combined with the patented tamper-proof and waterproof security, this is one of the best cold wallets for those seeking secure and convenient storage for their crypto.
Kinesis went into this partnership with its customers’ interests in mind. Even when the tokens are stored in the cold storage wallet, it will still be possible for holders to receive their fee-sharing yields. The cold storage is going to be integrated with the Kinesis Blockchain Network. Users will have an extra layer of protection by having their silver and gold-backed crypto coins secured in an offline location.
The CoolBitX mission is to align with the Kinesis vision to provide solutions for the blockchain that will allow safe and active participation of all parties. Their wallet solution is important in bridging the blockchain world with everyday use. It represents an important milestone for the blockchain industry.
CoolBitX has helped to reduce third party intrusion and phishing scams by creating an app to accompany the hardware solution. This end-to-end solution will offer holders of Kinesis crypto coin better security and control over their digital assets. It has been billed as being a better solution than existing cold storage solutions.
A Word from the Top Leadership
According to the CEO of CoolBitX, they were proud to have been picked by Kinesis to provide a safe and user-friendly security solution. He added that the CoolWallet S crypto wallet would give Kinesis’ customers confidence that their crypto holdings were secure while at the same time maintaining ease of use and flexibility using a Bluetooth connection. He noted that the KAG and KAU tokens would be an important addition to the firm’s ecosystem. This was because these tokens were the first tokens backed by precious metals on the hardware wallet.
The CEO of Kinesis, Thomas Coughlin said that the platform’s customers indicated that they wanted a secure hardware wallet to protect their crypto holdings. They listened and reached out to CoolBitX. He added that the company was quite happy about being able to provide this secure solution that was built by an industry leader in the hardware wallet industry. He said the CoolWallet S hardware wallet had proved to be a secure solution and they looked forward to launching it as an option for their customers.