The Shiba Inu ecosystem has recently announced that its cold wallets, developed in collaboration with Swiss-based cryptocurrency hardware wallet manufacturer Tangem, will be ready for pre-order by May 29. With this cold wallet, users will be able to store and manage not just Shiba Inu tokens but also various other crypto-assets, as the wallets are capable of supporting up to 6,000 currencies, including both fiat and digital assets.
One of the key selling points for the SHIB × Tangem cold wallet is its user-friendly access to Decentralized Finance (DeFi), Decentralized Exchanges (DEX), Non-Fungible tokens (NFTs), and many other offerings. The wallet’s size is comparable to a credit card, making it easy for users to carry it around. Additionally, the wallet is built on a highly secure Samsung element, able to withstand extreme temperatures for extended periods, making it one of the most durable cards in the market, as highlighted by Shiba Inu marketing team member Lucie Sasnikova.
The SHIB token, however, has not responded as expected to this news. Typically seen as a memecoin that reacts to similar updates with significant growth, the token’s price was still down by more than 2% over the past 24 hours. Nonetheless, the market anticipates a major rebound as more users in the community become aware of the news.
The SHIB × Tangem cold wallet has several notable features that make it appealing to crypto enthusiasts. There are no requirements for external batteries or cables; users need only their mobile devices to operate the wallet. Additionally, the card’s security has been independently assessed by Kudelski Security, receiving an EAL6+ security certification as well as making use of Near-field communication (NFC) technology.
Despite the optimism surrounding the SHIB × Tangem cold wallet collaboration, it’s worth noting the inherent risks and uncertainties inherent in the cryptocurrency market. Market fluctuations and individual user investment decisions must be made with caution, and readers are advised to conduct thorough market research before making any investment decisions. While the Shiba Inu cold wallets offer many attractive features, market conditions and personal financial losses must be carefully considered before investing in any cryptocurrency.
Source: Coingape
