Sony Joins The Storage Wars, Announces New Contactless Digital Asset Wallet

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Japanese technology goliath Sony has recently developed and announced a digital asset wallet which does not require a physical connection to a computer or mobile phone to make transactions.

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Who’s The New Guy?

Sony is certainly a veteran in the technology development sector, creating many popular products in the film, photography, and video game industries — just to name a few.

This year has seen Sony’s first foray into blockchain technology and cryptocurrency, beginning with the development of a Digital Rights Management System which utilizes a blockchain system to track digital content.

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On October 23, Sony’s Computer Science Labs (CSL) announced its flagship contactless digital asset wallet — which can be operated independently of a computer or smartphone.

The new Sony wallet comes in the form of an Integrated Circuit (IC) card, similar to an ATM or debit card.

Stacking Up

Sony’s new digital asset wallet is different from some other popular models like those made by Trezor and Ledger, which require a USB connection to a PC in order to sign transactions and store private keys.

The contactless wallet design of Sony’s new hardware wallet is similar to the already released CoolWallet S from CoolBitX, which pairs to the users mobile phone through Bluetooth and is completely cordless — aside from the power charger.

The announcement does not specify exactly which cryptocurrencies will be supported but shows Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) being transacted in its infographic.

The other hardware wallets mentioned above all support a wide range of cryptocurrencies and tokens, and it would seem Sony’s new wallet will need to do the same in order to compete.

Do you use a hardware wallet to keep your cryptocurrency and private keys secure? Are there any features you wish to see on future models? Let us know your thoughts in the comments below! 

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Kyle migrated from the East Coast USA to South-East Asia after graduating from East Stroudsburg University. He began trading and writing about cryptocurrencies in 2016, and has been an avid investor in stocks and precious metals since his teens.

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