Hardware Cryptocurrency Wallet Demand Grows in South Korea

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Published on:
Mar/20/2018

According to local reports in South Korea, demand for hardware wallets is increasing exponentially. The demand has stemmed from attempted hacks last year against domestic trading platforms like Upbit and Bithumb.

Many cryptocurrency enthusiasts worldwide use cold storage devices like Trezor, Ledger, Bitbox, and Keepkey. However, South Koreans also have a few local choices to choose from when it comes to hardware wallets and more in the near future.

Hardware offerings include the likes of Key Fair and Penta Security , the later of which will complete beta testing by the end of June.

And there are more coming. 

From Bitcoin.com News:

Two other companies planning to launch cryptocurrency hardware wallets to the Korean market includes Kay Sine, and Coldwelt. Kay Sine’s subsidiary S-Tech Co., Ltd will launch the ‘Touch X-Wallet’ later this year which uses biometric fingerprint authentication. It also provides an electronic signature function through BLE communication with a smartphone application.

The French company, Coldwelt, will also be selling its hardware wallet to Koreans later this year with a device that is similar to Ledger’s Nano S. According to Coldwelt, the product will hold up to 20 different cryptocurrencies.

- Aaron Goldstein, Gambling911.com

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