A platform which aims to demystify crypto and bring it to the masses through a suite of blockchain-driven financial services has launched its latest product: a hardware wallet that combines “institutional-grade security with a consumer-friendly user experience, beautiful design and premium materials.”
In a promotional video not dissimilar from the sleek ads released by tech giants such as Apple, Coinvest unveiled the Coinvest Vault – which is designed for storing digital assets. The company says the hardware wallet provides a “one-of-a-kind security architecture” and supports the transfer of hundreds of different assets – and a special emphasis has been placed on simplicity and user experience.
The Coinvest Vault runs on the Linux operating system and is equipped with a 3.5-inch LED touchscreen display, and is furnished with a USB-C connection that can be used for authenticating desktop and mobile devices. According to the company, the hardware wallet’s screen – along with its authentication chip – can “protect consumers even if the host computer is infected with a virus or malware.”
The latest release
According to the company, the hardware wallet will be compatible with its entire portfolio of products. This includes its flagship product Coinvest, a digital wallet which offers an integrated investment trading market for cryptocurrencies. Additionally, Coinvest Plus, an exchange for digital assets aimed at sophisticated and institutional investors.
Some of the other services the startup offers include the COIN Protocol, which helps to define transactions between users and Coinvest smart contracts. Meanwhile, it has also established “a source of education and news” called CoinDNA, and its objective is to help inexperienced crypto users access the latest headlines and data on demand.
In the future, Coinvest plans to launch a digital assets wallet aimed at children – giving them the chance to learn about cryptocurrencies at a young age and learn valuable lessons about managing money through a modern take on pocket money. And finally, an API is being established which will enable merchants around the world to accept COIN – the ecosystem’s native cryptocurrency.
Empowering the masses
Coinvest argues that entering the crypto world has been a bewildering prospect for the public to date – with thousands of coins, hundreds of wallets and multiple exchanges vying for their attention. Its website explains: “We aim to lower the barriers to investing and liquidity by providing simple, accessible solutions to all audiences.”
The company is led by a team of alumni from Microsoft. Advisors include Tony Scott, who formerly served as a chief information officer to the US government, along with Peter Cashmore, the founder of Mashable. According to Coinvest, it is one of the few blockchain companies in the world to have registered with the Securities and Exchange Commission in the US.
Looking ahead, the company says it is on track to secure a banking license in the first quarter of 2019, swiftly followed by a broker license by the middle of next year.
“[We] have never been more optimistic about our future. In an industry full of scams and bad actors, we at Coinvest, aspire to lead by example through execution. In less than one year of our token offering and a budget of two million dollars, we are bringing to market three revenue-generating products. The output that confirms that any company should be able to bring to market revenue generating technology solutions with focused execution, a lean budget, and a great team. No excuses.”