IoTrust Starts Sales of Card-Based Cold Wallet D'CENT S
Summary
- IoTrust said it has started official sales of its card-based cold wallet D'CENT S.
- The company said D'CENT S comes with a main card and a backup R3covery Card, reducing the inconvenience of storing recovery phrases and the risk to assets.
- If the main card is lost or damaged, users can tap the backup card on a smartphone to restore access to their assets through the D'CENT app in about one minute.
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IoTrust, a South Korean cryptocurrency wallet provider, said Thursday it has started official sales of its card-based cold wallet, D'CENT S.
D'CENT S is the company's first new product since 2018. The device is designed to ease the burden of storing recovery phrases, a common inconvenience for hardware wallet users.
The package includes a main card for regular use and a backup-only R3covery Card. Hardware wallet users have often written recovery phrases on paper and stored them separately in case a device is lost or damaged, the company said. That approach can create risks if the paper is lost, damaged or exposed to others.
Card-based wallets are highly portable, but they often require a separate backup option in case the device is lost or damaged. IoTrust said that is why it included a backup card in D'CENT S's standard package.
D'CENT S does not require a battery or cables. Users operate it by tapping the card on a smartphone. The process is similar to a standard card payment and was designed to be easier to use for customers who found existing hardware wallets difficult.
Users can carry the main card for routine cryptocurrency transactions. The R3covery Card should be stored in a physically separate location, such as a safe, the company said.
If the main card is lost or damaged, users can tap the backup card on a smartphone to restore access to their assets through the D'CENT app. The recovery process takes about one minute, according to the company.
