BTCC co-founder Bobby Lee, who stepped down as CEO of the exchange, founded Ballet, a company that will launch hardware wallets.
A feature of Ballet devices is that wallets will pre-generate public addresses and private keys for users. Lee believes that this will attract users who are not familiar with the cryptocurrency area and will make wallet handling much easier.
“We wanted to create a simple and elegant wallet. And we did it, ”Lee said at the CoinDesk Invest: Asia event in Singapore.
Each wallet will come with a QR code in which the public address is encrypted. The generation of QR codes and private keys is carried out in two places that are “thousands of miles” apart.
The encryption code will be printed under the layer that the user needs to remove. After that, using a mobile application, the user will be able to access the private key.
“I have been working on the wallet since January of this year. During the development process, we created six devices before we came to this design, ”said the founder of Ballet.
Another advantage of the wallet will be the price – only $ 29 per device, which is lower than the cost of other existing hardware wallets. At the moment, pre-orders are being collected. Deliveries of Ballet devices should begin in October.
Recall that China’s leading cryptocurrency exchange BTCC was sold to an unnamed Hong Kong investment fund in early 2018.
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