Revolution in the crypto world: implantable wallet for digital assets
An innovative US company has developed a subcutaneous crypto wallet that uses NFC and RFID technology for secure transactions with digital assets. This device can store various cryptocurrencies and work with different blockchains.
Subcutaneous crypto wallets
Cryptocurrency storage revolution
Seattle-based VivoKey Technologies has introduced a revolutionary solution for digital asset owners - implantable cryptocurrency wallets. This innovative technology uses NFC and RFID to enable secure virtual currency transactions.
Features of the Apex subcutaneous chip
Amal Graafstra, founder and CEO of VivoKey Technologies and Dangerous Things, shared details of the new product. According to him, the implantable Apex chip functions as a hardware wallet that stores private keys and signs transactions directly under the owner's skin. The mobile device in this case acts only as an interface for interacting with the wallet.
Versatility and ease of use
The technology is compatible with several types of crypto wallets, including Satochip, Seedkeeper and Status IM key card wallet. This provides the ability to work with various blockchains and cryptocurrencies. The Apex Flex chip implantation process is quite simple and fast: the device is inserted under the skin using a special needle in a matter of seconds. The cost of such an implantable wallet is $349.
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— Dangerous Things (@DangerousThings) July 1, 2024
From idea to reality
Graafstra says the idea for implantable devices came from a desire to make everyday tasks, such as opening doors without a key, easier. Over time, the technology has evolved, and now the chip can not only store cryptocurrency, but also open doors or even pay for coffee.
Challenges and benefits
The production of such devices is fraught with certain difficulties. In particular, the company faces the challenge of small-scale production in an industry focused on mass production. However, the high price does not deter customers who understand that they are purchasing a long-term solution with a high level of protection. Graafstra also dispels common concerns about surveillance through implanted chips, emphasizing that the device is not a tracker and cannot track a user's location. On the contrary, it is a reliable hardware wallet that cannot be lost or forgotten.
The Future of Technology
Despite its innovation, the technology's diffusion faces some skepticism. Graafstra attributes this to the lack of obvious use cases for many people. However, he is confident that over time the benefits of such implants will become more obvious, just as happened with smartphones.
Glossary
- VivoKey Technologies is a Seattle company developing innovative cryptocurrency storage solutions
- Amal Graafstra - Founder and CEO of VivoKey Technologies and Dangerous Things
- Apex - an implantable chip that acts as a hardware crypto wallet
- NFC - short-range wireless data transmission technology
- RFID - a method for automatically identifying objects using radio signals
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Answers to questions
What is VivoKey Technologies subcutaneous crypto wallet?
How does the Apex Flex chip implantation process work?
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VivoKey Technologies has developed an innovative under-the-skin wallet for storing cryptocurrencies using NFC and RFID technologies for secure transactions.
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