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U.S.-based startup VaultTel has launched a tiny cryptocurrency hardware wallet that sits in the SIM tray on mobile phones.
The firm announced Tuesday that the wallet solution combines an app and the VaultTel Intellichip card to store cryptocurrency private keys on mobile devices, using biometric authentication and “military grade” encryption to keep the funds safe.
The card can be placed in the SIM card slot of dual-SIM Android mobile phones, or can be used with a dongle accessory on iPhones, VaultTel said.
The biometric authentication feature ensures that only the phone’s owner can transfer funds from the wallet, VaultTel explains on its website. “More than that, no spy screen recorder or Trojan can record what is happening on your hardware wallet, as it’s
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