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Bobby Lee demonstrated hardware wallet Ballet at the ongoing Consumer Electronics Show in Las Vegas. He co-founded BTCC crypto exchange, and this is Bobby’s first foray into the crypto hardware realm.
The ‘non-electronic’ hardware cryptocurrency wallet called Ballet was first announced a few months back. It is the first-ever non-electronic physical wallet that comes with multicurrency support. The physical card is accompanied by an app that helps users manage their daily operations. Hardware wallets have always been the perfect choice when it comes to storing cryptocurrencies since they offer better security and privacy credentials.
Multicurrency non-electronic hardware wallet Ballet
Hardware wallet Ballet offers a full-range offline cold storage experience through a dedicated iOS and Android app. It looks like a debit card which means it is pocket-friendly. Ballet was perhaps the only non-electronic crypto wallet at the CES.
Bobby Lee gave a hands-on demonstration of the device in front of the press. Now, online reviews have also started popping up at various review websites.
Hardware wallet Ballet is constructed from stainless steel and is shaped like a traditional credit card. So, it will easily fit in most pockets. A QR code is linked to every wallet’s receiving address. Each device sports a scratchable area hiding its passcode and the associated exclusive serial number.
This year, the focus will be on highly secure, ‘unhackable’ hardware wallets that deliver unmatched privacy features. Hardware wallet Ballet promises ease-of-use, simple setup, and portability as well. A primary token for each wallet helps with direct deposits besides storing multiple cryptocurrency tokens.
BTC will be worth one million dollars, says Bobby Lee
On long-term BTC bull, Bobby Lee said that Bitcoin would touch one million dollars ($1M) in the next five to ten years. The prediction seems lofty considering BTC’s past year performance. He said that Bitcoin price movements mimic that of a ‘bubble’ trend where prices move in waves.
After each bubble, the prices rise ten to twenty times compared to their pre-bubble prices. If such a trend is indeed a reality, BTC will eventually touch one million dollars ($1M) mark.
Featured Image By Pixabay
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Gurpreet Thind
Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.
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