Cryptocurrency News

Gate.io Reveals Its New Crypto Hardware Wallet S1 With Improved Security.

Renowned cryptocurrency exchange, Gate.io, has revealed a pocket-sized wallet solution for cryptocurrency holders concerned over the safety of their assets.

Within a recent official updatethe firm revealed the launch of a new hardware wallet device, referred to as the Wallet S1, initially for the China market.

While describing the device as a “professional” hardware wallet, the firm revealed that the S1 remains simple to use, and offers a built-in display with fingerprint recognition.

Very compact in design, the S1 is claimed to be able to securely store over 10k cryptocurrency assets, along with Bitcoin [BTC] and Ethereum [ETH] – the leading top coins by market capitalization.

S1 users are able to synchronize the device to a laptop or Android smartphone and further use its fingerprint recognition feature to authorize transactions.

It is primarily the “first hardware wallet with a world-leading fingerprint recognition algorithm which may auto initialize when detecting brute-force attack,” Marie Tatibouet, Gate.io’s CMO, revealed within the announcement.

For pro investors or enterprises with larger stores of cryptocurrency assets, the device is often linked to a GateChain Vault address, further boosting security, the firm added.

Priced at around $50 USD, with sales expected to expand to countries outside China within the upcoming 3 to 4 months, the firm added.

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