Will the new non-contact NFC crypto wallet become the industry standard?
The new hardware wallet can store keys securely while being very convenient.
Innovative crypto wallet – Keycard
A Keycard is a new kind of hardware wallet resembling the shape and size of a credit card. It has an NFC short-range function to authorise cryptic transactions. When launched, it also offers a private communicator, a crypto wallet, a Defi browser and a special Status application and the company plans to expand the list even further.
The Keycard team also released an open application programming interface and special development kits for Android and iOS, which will allow developers to contribute to the company’s growth by improving Keycard functionality.
Securely stored and convenient transactions
Security in hardware portfolios is crucial. In fact, when it comes to the security of cryptographic resources, it all depends on the private key that is used to access the account.
One of the most secure options for storing private keys is the use of a hardware wallet, and there are more and more of them on the market, from the popular Nano Trezors to ultra-secure mini fortresses like the Zero from NGrave.
However, the method of sharing keys or authorising transactions between the hardware portfolio and the mobile or fixed interface varies greatly between these devices. There are those that connect via USB, Bluetooth or even QR codes.
Keycard uses NFC to enable transaction authorization by simply touching the phone with a wallet the size of a credit card. This is both convenient and very secure.
What is Status?
The card is produced by the Status Network company, which has also developed the Status applications that are integrated with Keycard. The Status application combines the function of private messages, Ethereum wallet supporting ERC-20 and ERC-721 tokens and a decentralized Web3 browser.
Keycard’s project manager, Guy-Louis Grau, believes that the use of such technology should become an industry standard.
“We believe that as an open-source API project, the Keycard model will be the industry standard for all types of products that are intended to work with cryptic converters. Touching the phone access card as an additional layer of authorization should be the norm when someone wants to log in or send money.
With the combination of security, convenience and unique values that Keycard represents as the equivalent of a credit card for cryptography users, it could become one of the most popular hardware wallets in the world.