$29 per Keycard on the Status Website – Order for Early Delivery Next Month

$29 per Keycard on the Status Website – Order for Early Delivery Next Month

February 14, 2019 Off Steven Anderson By Steven Anderson

Guy-Louis Grau, that project lead of Status, when talking about the “Tap-to-Pay” crypto hardware wallet stated, “the exact same shape as a Visa card you have in your wallet today.”

Status stated that the cryptocurrency hardware wallet of the Ethereum messaging app had been relaunched as Keycard.  This wallet has been entirely developed as open source, and it is likely to be distributed to those blockchain developers who are interested in free.  It will be sold directly from the Status website for $29 per keycard.

Guy-Louis Grau, further added that “[Keycard] is contactless. It is going to work with your mobile crypto wallet. You will just need to tap your Keycard on a mobile device to sign transactions. Functionally speaking, it is really a hardware wallet, but it works with mobile.”

Status Keycard is compatible with several cryptocurrencies like Bitcoin, Bitcoin Cash, XRP, Litecoin and with all of the ERC20 tokens that are based Ethereum.

Interested parties can get their Status Keycard by mail by early March 2019.  However, Grau stated that it is not likely to be user-friendly in the very beginning.

Grau stated that they are not announcing a full-end consumer product with Keycard.  He further clarified stating that “We are releasing a tool actually. That is the way it should be seen. At this stage, it is a tool for third-party blockchain projects that want to secure their application with a cost-effective hardware wallet.”

The integrated version of Keycard with Status software for end users is particularly expected to be released later this year.  Grau further stated, unlike several other cryptocurrency wallet manufacturers wallet will encourage people to build the card themselves.

The Keycard API is integrated with the hardware using a code, therefore “codebase integrating.”  This is done in a way to enable the hardware to be able to perform different applications like storing the private keys, signing up for transactions, tap-to-pay and more that will be running on standardized technology which has been around for more than a decade and a half now.

When reinstating about the security required for any kind of cryptocurrency hardware wallet, Grau stated, “is tightly linked with openness,”

In a way, Grau clarified the importance of openness in security by stating in his own words thus: “Security should be able to be assessed by anyone. That is why software and hardware need to be open. That is the first and most important thing. And then as much as possible, use widely used hardware platforms.”

Orders are being made for early deliver next month.  The Status Keycard is currently made available for developers to review it on Github.

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