Saturday, July 20, 2019

Bitcoin Satoshi’s Vision (BSV) Hardware Wallet to be Launched Next Month

Hardware wallets are known to be one of the safest ways of storing cryptocurrencies because they are not connected to the internet. While there may be a lot of options from popular brands like Ledger and Trezor, there is still no support for Bitcoin SV (Bitcoin Satoshi’s Vision), a fork of Bitcoin cash. That is about to change with Keevo, a hardware wallet that will support the 12th largest cryptocurrency by market cap.

U.S. Based Company to Launch Keevo

Keevo is a product of BitKey Bank, Inc, a company that is based in San Francisco, California, USA. It is a hardware wallet that seeks to offer users convenience and a high level of security. As such, it takes advantage of a Carbon Key instead of the paper seed phrases that is prevalent in most wallets. The latter takes away the user’s need to store a phrase on a paper which could be lost or destroyed.

According to the platform:

All private keys are securely isolated inside Keevo’s secure elements (CC EAL5+ certified). Private keys never leave the Keevo device or are cloud synchronized/ communicated via internet or stored in any databases off the device

Keevo Offers Support for Bitcoin SV

On the other hand, support for Bitcoin SV was confirmed by the platform after a user, @T OG asked if the wallet will be compatible with the cryptocurrency. T OG tweeted the response to his question.

Other digital currencies that are supported include Bitcoin cash, XRP, Ethereum, Litecoin, Cardano, EOS, Monero, Nero, etc.

Related Article:  Archos Announces New Hardware Wallet; Segment Gets Busy

More features of the Keevo wallet include a 2.8″ LCD touch screen, dual chip architecture with 2 triple-core secure processors, and a rechargeable lithium-ion battery. In terms of connectivity, the device supports USB-C, Bluetooth, and a fingerprint sensor. The latter ensures that it can either be unlocked with the use of a password or biometric authentication.

Keevo Features a Multi-Signature Function

It is also worthy to note that the wallet comes with a multi-signature function that allows two people to gain access to the wallet. In this case, a second-party will have to store their fingerprint and password on the Keevo and Carbon Key. This ensures that in the case of an unforeseen circumstance, your funds are not entirely lost due to the inability to access them.

A closer look at the website where the product is offered, reveals that people need to get on a waitlist which will enable them to pre-order the product upon its launch. However, Keevo’s shipping will begin at the end of summer.

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