Cold Wallet p(x)Card Employs SECORA Blockchain Solution for Enhanced Web3 Security June 9, 2023 June 9, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 9, 2023 by Kelly Cromley

Cold Wallet p(x)Card Employs SECORA Blockchain Solution for Enhanced Web3 Security

The SECORA Blockchain is a dependable security solution introduced by Infineon Technologies AG for implementing secure transactions in the era of the decentralized Internet and blockchain technology. The emergence of Web 3.0 solutions and blockchain-based devices has increased accessibility and simplified cryptocurrency transactions. However, novel applications such as crypto wallets also bring potential hazards, including cryptojacking and endpoint attacks. These attacks often target compromising user credentials, which are essential for conducting transactions.

Infineon Technologies AG provides SECORA Blockchain as a reliable solution for developers to address these issues. By utilizing this solution, individuals can conveniently and securely conduct Web 3.0 payment transactions, expanding the accessibility of cryptocurrency transactions to a wider audience.

Function X’s primary objective is to facilitate secure and decentralized exchange of cryptocurrencies and digital assets through a layer 1 blockchain network. The platform aims to incorporate the advantages of Web 3.0 into daily life. To support the advancement of Web 3.0, Function X has introduced the p(x)Card, a secure and user-friendly cold wallet card. This card offers a secure offline storage solution for private keys, serving as a key card for everyday transactions.

The p(x)Card’s security is further enhanced through the use of the SECORA Blockchain solution. David Ben Kay, President of Function X Foundation, expresses enthusiasm about the collaboration with Infineon for the p(x)Card initiative. He states that the foundation is delighted to have Infineon as a collaborator, recognizing their expertise in creating reliable security solutions. As we transition into the new era of Web 3.0, it is crucial to have professionals with a strong background in security. These contributions instill confidence in our users, empowering them to explore uncharted territories. We look forward to pushing the boundaries of what can be achieved together.

Maurizio Skerlj, Head of Identity Solutions at Infineon’s Connected Secure Systems Division, emphasizes the importance of streamlining payments for Web 3.0. We are pleased to offer a security solution that simplifies Web 3.0 payments. Users of the p(x)Card can conveniently initiate crypto payments by accessing the p(x)Card application and entering the recipient’s wallet address or by using NFC-supported point-of-sale devices for blockchain-based transactions. Once the p(x)Card is swiped, the transaction is finalized. The SECORA blockchain provides hardware security to support the entire process.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.