What is Sugi wallet?
The Sugi wallet is a new type of hardware wallet developed by European fintech company, Sofitto, by the former technical lead of the Mycelium wallet. This is a unique wallet designed for crypto storage, as it is a near field communication (NFC) card hardware wallet protected by a PIN.
Like other hardware wallets, the private keys are always kept on the device which lacks any kind on internet connectivity to ensure its security against hacking attempts.
But Sugi allows you to spend and deposit crypto just as easy as you were using a bank card. But unlike other bank cards, Sugi does not have access to your funds in any way.
Sugi supports the following cryptos: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and ERC20-based tokens. The company has revealed that it intends to add more cryptocurrencies to the list in the near future. Sugi also mentioned that it plans to incorporate fiat currency functionality by establishing partnerships with banks in…