Crypto News: Tangem, a crypto hardware wallet company based in Switzerland, is apparently developing one-of-a-kind cold wallets specifically for the Shiba Inu (SHIB) cryptocurrency. In an official tweet, the Shiba Inu team confirmed that users could place pre-orders for these card-shaped wallets beginning May 29.
The Tangem SHIB Wallet is said to support over 6,000 different cryptocurrencies, in addition to a variety of decentralized financial (DeFi) applications, such as decentralized exchanges (DEXs), crypto lending services and non-fungible tokens (NFTs). According to the information obtained from Tangem’s official website, there are no charges involved with using the wallet, nor is the provision of personally identifying information required.
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In particular, Tangem claimed that the product was designed with Shiba Inu Swap’s assistance, indicating that it will most likely feature modifications pertaining to more than simply its exterior outlook. Even though information around it remains limited, the tweets have generated excitement within the Shiba Inu community, signaling a complete sell-out when the pre-orders go live. Moreover, apart from supporting the SHIB token, the Tangem SHIB wallet will also support its ecosystem tokens such as LEASH and BONE upon launch.
Much to the delight of SHIB holders, the cold wallet is said to be designed similarly to a regular credit card and can be operated through a smartphone. It offers portability, ease of use and boasts a “smart backup” feature that safeguards investors and holders from losing their access to the wallet.
This is done by substituting the seed phrase with additional cards which serve as a source of backup. Because of this, Tangem Wallet is primarily sold in sets of either two or three cards.
In response to this latest crypto news, the price of SHIB is currently trading at $0.000008542, which represents a drop of 1.87% over the last hour compared to a decrease of 2.35% over the past twenty-four hours.
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