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14/01/19 07:00 UTC-4

A. Favre & Fils presented a mechanical watch with a built-in cryptocurrency wallet

A. Favre & Fils will release a watch with a crypto-wallet
A. Favre & Fils will release a watch with a crypto-wallet

A. Favre & Fils company (a Swiss watch manufacturer with a three hundred year history) presented a handmade mechanical watch with a built-in crypto-wallet.

Last week, A. Favre & Fils announced that the new watch will have a "cold" cryptocurrency wallet and a built-in blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
application for security storage.

 

Blockchain-watch for cryptocurrency

"We have developed the first blockchain-watch to offer something useful for the cryptocurrency community, and not just what to spend their money on (...) The watch will be distinguished not only by its high functionality, but also by its stylish design" – from the statement of Laurent Favre, CEO of A. Favre & Fils.

According to the company’s website, the watches will cost from 100,000 to 150,000 Swiss francs (or from 102,000 to 153,000 US dollars). The price will vary depending on the watch model, specifications and materials.

"This watch guarantees maximum data security and privacy protection (...) the first prototype will be released in the second quarter of 2019" – Laurent Favre.

A. Favre & Fils presented a mechanical watch with crypto-storage – this event did not go unnoticed by the local press. For example, SWI swissinfo.ch (news channel owned by the Swiss Broadcasting Corporation) said that this innovation "is the future of the steam engine in the era of electric trains".

Editor: Yulia Krasnaya

See also: "Genesis Trading doubles OTC trading volume by 50%"

#A.Favre&Fils #cryptocurrency #Switzerland #cryptocurrencywallet #blockchain #LaurentFavre

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