On March 5, a new hardware wallet was unveiled by U.S. tech startup Vaulttel that fits inside a mobile phone’s SIM tray. According to the manufacturer, the Intellichip SIM card uses state of the art encryption while also providing biometric authentication.
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The Vaulttel Intellichip SIM Card: A Different Kind of Cryptocurrency Wallet
While most hardware wallet manufacturers sell a device that stores and signs cryptocurrency transactions, Vaulttel has released a different kind of wallet. The Vaulttel Intellichip card is a wallet that fits into a SIM card tray and allows users to store and access their private keys. According to the company, the wallet surpasses the competition because it includes biometric authentication, the ability to limit access to wallet to a particular geo fence, and device locks so the user can assign the wallet down to a particular phone. In order to use the application, users are required to utilize a chip and chip…