Famous Swiss watchmaker Franck Muller has released the Encrypto, the world’s first functional Bitcoin watch. Launched in partnership with crypto trading platform Regal Assets, the Encrypto suggests the possibility of “deep cold storage” of Bitcoin.
With the watch, the owner receives sealed USB stick stores the private key, while QR code for a public wallet address is placed on the watch dial. Customers can customize both the dial and the band of the watch. Some models even include precious metals and diamonds in the dial and frame.
The “deep cold storage” wallet uses “offline generated, non-deterministic TRNGs (True Random Numbers Generated) that cannot be hacked” .
According to Franck Muller’s website, the Encrypto is currently available online and at Franck Muller’s Dubai Mall store. A maximum of 500 each of men’s and women’s versions will be sold, with the cost being anywhere between $10,000-$60,000 apiece, according to information from the maker’s website.