1inch Network enters the hardware wallet business
Decentralized exchange aggregator 1inch Network has developed a hardware wallet that aims to provide a secure device for crypto users to hold their assets. The hardware wallet will be a physical device that claims to offer a secure way to store users' private keys offline. 1inch's hardware wallet is undergoing its final stages of development and testing before being released for sale later this year, 1inch said in a statement shared with The Block. Once launched, it will compete with larger players in the hardware wallet niche, such as Ledger and Trezor. The 1inch Foundation-supported hardware wallet will have a 2.7-inch touch display. The wallet will be a wireless device, will run on a rechargeable battery, and users can sign transactions wireless using QR codes or NFC technology.
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