Crypto Wallets
The Rise of Wearable Self-Custody Crypto Wallets
Thursday. July 18 at 2:30 AM
1 min. readThe concept of cryptocurrency self-custody, where individuals have full control over their digital assets, is gaining popularity with the introduction of a new wearable cold wallet. Tangem, a hardware wallet company, recently unveiled the Tangem Ring, a self-custodial crypto wallet in the form of a ring. This innovative product aims to blend self-custody with everyday transactions, providing enhanced security measures such as an access code and an EAL6+ secure element. The convenience of carrying crypto on a wearable device like a ring appeals to users who are constantly on the move. While regulatory concerns exist regarding self-custodial solutions, the Tangem Ring plans to integrate with Visa payment chips in the future. As the trend of self-custody grows, more companies are exploring ways to combine crypto ownership with daily payments, signaling a shift towards wider adoption of cryptocurrency transactions.