Apart from being a top notch fashion accessory, with prices ranging between $9,800 and $50,600, the watch also operates as a cold wallet for BTC. The watch has public address engraved on its dial.
Furthermore, a USB drive with a private key is also offered along with the watch. The firm asserts that “deep cold storage wallet” is unhackable and utilizes “offline generated, non-deterministic TRNGs (True Random Numbers Generated).”
Erol Baliyan, regional director of Franck Muller, has given the following opinion about Bitcoin in the news release of Regal Assets:
“Bitcoin is the millennial gold. Bitcoin is the […] perfect marriage between innovation and personal choice.”
Using BTC or conventional mode of payments, Encrypto can be bought. The firm is supposedly looking at feasibility of manufacturing timepieces that support Ether (ETH), Ripple (XRP) and rest of the top five cryptos, with same kind of functionality.
Notably, on May 24, Vacheron Constantin, which is also a high-end Swiss luxury watch and clock manufacturer, will begin using blockchain technology to monitor its timepieces.
In 2018, Hublot, another Swiss luxury watch manufacturer, unveiled a limited edition design celebrating the 10th anniversary of the release of Bitcoin white paper. The watch, Big Bang blockhain, could only be purchased with BTC and only 210 duplicates were manufactured, reminding about Bitcoin’s fixed supply cap of 210 thousand (21 million) coins.