• Sat, 24 Aug 2019, 08:57 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

CoolBitX’s crypto hardware wallet adds support for Gemini Dollar

Tue, 26 Mar 2019, 07:26 am UTC

CoolBitX, the Taiwan-based crypto hardware wallet maker, has announced support for Gemini dollar (GUSD) on CoolWallet S.

In September 2018, the New York State Department of Financial Services (NYDFS) authorized Gemini Trust Company to offer stablecoin, pegged to the U. S. dollar. Built on the Ethereum network according to the ERC20 standard for tokens, Gemini dollar is currently available on more than 60 exchanges worldwide.

Backed by SBI Holdings and Bitmain, CoolBitX released the CoolWallet S in 2018 – a credit card-sized hardware wallet for Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Horizen, and ERC20 Tokens.

With the integration, CoolWallet S users would now be able to not only store Gemini dollar on their wallets but also easily acquire GUSD right from the mobile app via Changelly.

The wallet offers cold storage and mobility through bluetooth connectivity — allowing users to access their GUSD holding via Android or iOS device pairings. It will also be the first to automatically load and make GUSD available to users, streamlining the experience for GUSD users.

“Not only can GUSD users now easily manage their holdings securely, but in the years ahead we hope to make daily commercial transactions with GUSD via the CoolWallet S as simple as using any other form of NFC payments technology,” said Michael Ou, CEO of CoolBitX.

Unlike traditional two-factor authentication mechanisms, CoolBitX explained, bluetooth-enabled devices require users to have both the mobile app and hardware wallet on hand for executing any transactions, which makes it almost impossible for malicious actors to hack the wallet and deprive users of their GUSD.

“We believe GUSD will be instrumental in the continued evolution of transacting value on the blockchain and we’re incredibly encouraged by its adoption by key players such as CoolBitX”, said Sarah Olsen, Gemini’s Head of Corporate Development.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,112.70 (-2.81%)
  • Ethereum (ETH) $189.88 (-2.05%)
  • XRP (XRP) $0.270800 (-1.82%)
  • Bitcoin Cash (BCH) $307.10 (-1.81%)
  • Litecoin (LTC) $73.35 (-2.31%)
  • Bitcoin (BTC) $10,112.70 (-2.81%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft