Crypto Wallet Hardware Company CoolBitX Partners with Litecoin Foundation, Receives $13 Million in Funding

Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off its global launch of its CoolWallet S hardware in the US. CoolBitX envisions a future where retail consumers use their crypto wallet hardware and the company has secured $13 million in funding to execute on this mission. Investors include SBI Holdings (think SoftBank).

CoolBitX is pitching a hardware wallet that looks like a credit card. Founded in 2014 by Michael Ou, the CoolWallet S expects to be available for $99.

The wallet currently supports Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash, and ERC20 Tokens. New crypto will be added on a rolling basis via over the air updates.  The wallet pairs with either an iOS or Android app. The e-ink display can reports currency balances, seeds, currency amounts, and addresses. The company describes CoolBit X “the first truly mobile secure cold storage solution for crypto holders.”

Ou says they want to eliminate insecure software wallets and clunky hardware wallets with the CoolWallet S.

“We’re proud to be launching the CoolWallet S in America as a bridge between blockchain and greater audiences. This is an exciting opportunity to partner with Charlie Lee and the Litecoin Foundation, and we look forward to being the next generation of blockchain pioneers.”

Charlie Lee, Creator of Litecoin and Managing Director of the Litecoin Foundation, calls the CoolWallet S one of the best hardware wallets he has ever used.

“It has one important feature that’s missing from every other hardware wallet: ease of use,” says Lee. “It combines the security of hardware wallets with the ease of use of mobile wallets, a crucial step towards mass adoption.”

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