Another win for mainstream adoption
A hardware wallet that fits in your sim card slot? Awesome!
U.S.-based startup VaultTel has launched a tiny cryptocurrency hardware wallet that sits in the SIM tray on mobile phones.
biometric authentication feature
The Intellichip uses the AES (Advanced Encryption Standard) 512 to securely store data and also has optional features such as being able to restrict wallet access to a particular device and “geolock,” which constrains access to a particular geographic area.
It's advances like this that will make people feel a lot better about jumping into the cryptosphere. Let's face it, cryptocurrency can be stressful. Just the other day I thought I had lost $150 because I sent some money to the wrong address. Once again, turns out the time it took to transfer was too lengthy for comfort.
This is yet another reason people will eventually discover Steem. Free 3 second transfers with account recovery and readable public addresses. A lot of people will be doing anything they can to escape that feeling of existential dread that comes when you think you might have fucked up and lost all the money you just tried to transfer.