Would you wear your wallet on your wrist?
The World’s First Functional Bitcoin Watch
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A combination of luxurious craftsmanship and technical innovation, the Vanguard Encrypto by Franck Muller is the world's first functional Bitcoin watch. While the watch serves not only its purpose of telling time but also acts as a gateway to accessing the millennial gold of this era, the cryptocurrency.
About Bitcoin
Bitcoin, a well-known digital currency, with no centralised bank, allowing peer-to-peer transactions without a 'middle-man'. The software for Bitcoin was implemented in 2009, as open-source code.
Since then, it's captured the imagination of the press and the criticism of economists, with some calling it a 'speculative bubble', where asset prices are driven largely by hypothetical ideas about the future.
Whilst in 2011 the cost of a Bitcoin was mere pence, the value rose to an all time high in December 2017, at $19,783.06. The value of Bitcoin currently standing at £5,619 per Bitcoin.
How Does the Bitcoin Watch work?
Bitcoin wallets are made up of two parts, a public address and a private address, most people are used to having both addresses in the same electronic device, however experienced early bitcoin adopters use a different method.
The Vanguard Encrypto uses offline generated, non-deterministic TRNGs (True Random Numbers Generated) paper wallet style storage. As mentioned this method for storing bitcoin is quite popular among long term bitcoin holders and early adopters due to its massive security advantage and peace of mind. However rather than relying on slips of papers, users can just scan their dial.
Each timepiece comes as two piece “Deep Cold Storage” set. Users can add their Bitcoin to their wallet or check their balance directly through the dial. The watch’s QR code and cold storage systems were designed in partnership with Regal Assets, a renowned crypto investment company with offices in the US, Canada, the UK and the UAE. Regal Assets made headlines in 2017 by being the first company to receive a government issued license to trade cryptos in its deep cold storage vault, as covered by Bloomberg.
So, whilst the balance can be viewed by scanning the QR code on the watch face, the USB stick is necessary to access money.
Using the finest quality in the Swiss watchmaking industry, the watch is as beautiful as it is functional. Available in Stainless Steel, Rose Gold, Titanium and Carbon. It comes with a hand sewn alligator strap with rubber on the other side of the folding buckle. Functions include hours, minutes, seconds and date at 6 o’clock. The numerals are designed to compliment the Bitcoin logo featured in the centre of the watch.
The Encrypto ranges from $29,380-$59,790, and can be purchased using Bitcoin.
For more information, visit: https://franckmullercrypto.com/
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