Arculus™ is an emergent crypto cold storage and management wallet that provides advanced , multi-level utility. Engineered by CompoSecure LLC, a market leader in premium financial payment cards and emergent cryptocurrency cold storage provider, and in partnership with Roman DBDR Tech Acquisition Corporation (NASDAQ: DBDR) (“Roman DBDR”), Arculus™ competes directly with preexistent crypto cold and hot wallet market leaders. This article will report on the three key adoptability differentiators of Arculus™ that seek to position the service for success as the future of the crypto ecosystem and consumer demands unfold.
A critical differentiator for Arculus™ in the cryptocurrency storage market is its dynamic utility. Arculus™ directly competes with both hot and cold crypto storage providers through its mobile app, Arculus Wallet™ that enables digital trading, swaps, and storage, alongside the Arculus Key™ Card, which is similar to a payment card with tap-to-transact ease of use.
Arculus™ equips the Arculus Key™ Card, which stores the private keys of users’ digital assets. To access the private keys, users must tap the Arculus Key™ card to their mobile device before sending or swapping digital assets on the Arculus Wallet™. The Arculus Key™ card uses FIDO and NFC authentication technology to enable the touch confirmation between the card and mobile device, and no digital assets can be sent or swapped without confirmation of identity with the tap of the Arculus Key™ card.
The Arculus Wallet™ competes directly with crypto hot wallets like MetaMask and the Coinbase Wallet with its in-app storage, management, and trading capabilities. The Arculus Wallet™ allows users to buy, sell, send, receive, and swap cryptocurrencies, including a fiat-to-crypto onramp. With its all-in-one functionality, Arculus’™ dynamic utility gives it a competitive advantage in the segmented crypto hot and cold storage markets.
Another critical feature that stokes user adoption alongside changing digital asset consumer demands is Arculus’™ distinct security features. Arculus™ employs three-factor authentication security, a natural and more secure progression from widely-used two-factor authentication methods. The three levels of security for Arculus™ include:
- Something you are: The Arculus Wallet™ app uses biometric security on mobile devices, including fingerprint and facial recognition.
- Something you know: Access to the Arculus Wallet™ app requires a 6-digit pin in addition to biometric security.
- Something you have: Private keys to a user’s digital assets are stored on the Arculus Key™ card. With a simple tap of the card to the device, the user unlocks access to the Arculus Wallet™ app and can now buy, sell, swap, and store their cryptocurrencies.
Arculus’™ added layer of biometric security helps the Arculus Wallet™ ensure that any user attempting to gain access to a wallet is the user themself. For the case of Arculus™, fingerprint and facial recognition make hacking into an Arculus Wallet™ exponentially more difficult.
Last but not least, Arculus™ has a competitive edge in the cold storage space because of the easy management of the Arculus Key™ card. With the same size dimensions as typical financial payment cards like credit and debit cards, the Arculus Key™ card fits seamlessly alongside users’ payment cards that are carried daily.
The size of the Arculus Key™ card is a critical differentiator when comparing Arculus™ to competing cold storage solutions like Ledger and Trezor, which each employ a hardware device and in some cases require a USB-connection to a computer in order to use. Trezor and Ledger’s large hardware and small screens make the wallets more complex to store and use, while the Arculus Key™ card can be stored alongside other payment cards and easily grants unlocks access to a users’ digital assets with a simple tap to their mobile device.
Cold storage security is a critical feature in the future of digital assets. Sarson Funds seeks to provide best-in-class digital asset resources for our community on the most cutting-edge innovations and developments in crypto, and look to equip our community with a multitude of best practices as blockchain technology comes into center stage. For more on Arculus™, please visit www.getarculus.com.