CoolBitX Introduces Advanced Crypto Wallet with Expansive Digital Asset Staking Features

CoolBitX, the blockchain security firm and developers of CoolWallet, the very first bluetooth-powered hardware wallet, recently announced the release of CoolWallet Pro— which is described as an “all-in-one” crypto wallet that will provide “advanced” users increased coin support as well as “expansive” staking features.

As explained in a release shared with CI, this will allow for a “more dynamic interaction” with decentralized finance (DeFi) protocols, through the added convenience of an intuitive mobile app, while ensuring protection from bad actors with “military-grade” security.

The CoolWallet Pro aims to offer secure staking support for Polkadot (DOT), Cosmos (ATOM), and Tron (TRX) at launch, along with improved features to facilitate the support of DeFi protocols, NFT collectibles, decentralized applications (dApps), airdrops, and various other new crypto products and services.

As confirmed in the update, DeFi, dApp, and NFT in-app integration will be “available for CoolWallet Pro users in Quarter 3 of 2021, while support for other leading smart contract-based networks like ETH 2.0 and Cardano (ADA) are also on the roadmap for 2021.”

CoolWallet Pro is currently available to order via the CoolBitX website and certain retail outlets. Orders “will be fulfilled from May 24 2021.” (Note: for additional information on this offer, check here).

Michael Ou, CEO of CoolBitX stated:

“Our goal since 2014 has been to foster the mainstream adoption of crypto assets. Today, this vision is being realized for the cryptocurrency industry thanks to the continued adoption of Bitcoin and the proliferation of innovative financial products and services such as Proof-of-Stake (PoS), DeFi and DApps that are creating compelling new use cases for cryptocurrency ownership and redefining the way we view digital assets.”

Ou added:

“Our CoolWallet community has demanded a bridge to participate in this new economy, that matches and even improves the security and convenience they are used to with CoolWallet S. We are extremely proud to make this a reality with CoolWallet Pro, working with our staking infrastructure partners Staked and other trusted partners during this historic period of digital asset adoption to allow users to spend, lend, borrow, and invest their tokens at their leisure anytime, anywhere, thus maximising the value of their crypto assets.”

The latest features of the CoolWallet Pro reportedly include:

  • Staking functionality — Users can now “stake cryptocurrencies to mine PoS coin rewards, including PolkaDot, Tron and Cosmos”
  • Additional coin support — Tron (TRX), Cosmos (ATOM), and Polkadot (DOT) will be “supported upon launch, in addition to Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM) , Binance Coin (BNB), Tether (USDT), and all ERC20 tokens.”
  • CoolWallet Pro will “support all new coins planned on the roadmap such as ETH 2.0, Tezos (XTZ) and Cardano (ADA)”
  • Upgraded security — CoolWallet Pro “boasts an improved secure element, the CC EAL 6+ military grade hardware security chip, featuring unsurpassed industry security standards, as well as multiple authentication mechanisms.” These “include PIN code, biometric and physical confirmation verification steps before a transaction is authorized.”

With the addition of the CoolWallet Pro to CoolWallet products, crypto-asset users may access CoolWallet S for the “basic HODLer,” offering an economical, hassle-free tool to hold “mainstream, alternative, and ERC-20 tokens with enhanced security.”

Meanwhile, CoolWallet Pro “complements sophisticated users’ crypto needs with an advanced hardware wallet with software features that covers all scenarios of crypto usage,” the announcement explained.

CoolWallet Pro and S will aim to keep offering the “original mobile hardware wallet’s core value proposition: allowing their users to enjoy superior cold storage through the convenience of a mobile app, while being protected from malicious actors with military grade security.”

The CoolWallet Pro comes with an updated and “contemporary” fresh new look that “accentuates its sleek original form factor and streamlines the cold storage device with a sunken confirmation button.”

Additionally, the CoolWallet Pro “sports a tamperproof (thanks to patented compression technology), waterproof and flexible physical design with an exceptionally long battery life of at least 2-3 weeks.”

The CoolWallet was first launched by CoolBitX back in 2014 as the first bluetooth-enabled hardware wallet. It has been replaced by the CoolWallet S which reportedly sold more than 200,000 wallets, globally.

In February of last year, CoolBitX secured $16.75 million in capital through a Series B round led by Japan’s financial group SBI Holdings, along with contributions from the National Development Fund of Taiwan and Japanese financial group Monex.

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