Arculus crypto card secured by mobile device biometrics unveiled
Arculus announced that its Wallet app users will soon be able to access and manage their stored cryptocurrency funds using the new Arculus key card. This biometrics-enabled key solution will securely connect to mobile devices using an encrypted NFC connection. Arculus is a thin metal card that holds crypto keys and is considered a cold-storage device as it operates without the need for a battery or charging.
Access to the key card is protected by three authentication layers to provide maximum security. The layers consist of facial and fingerprint biometric features on a user’s mobile device, a 6-digit PIN, and the card’s embedded EAL 6+ secure element containing encrypted keys. The company says the secure element also decreases fraud as it requires users to be close to their mobile devices. In addition to these security features, accounts compromised due to card loss can be recovered via a set of passphrases that have to be stored separately.
The Arculus key allows users to sign into their Wallet app that stores their digital wallets through device-based biometrics. Using the Wallet app, they can then safely transfer, exchange, and acquire various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, and others.
Arculus Chief Innovation Officer Adam Lowe praised the new solution. “The growth of cryptocurrency is driving demand for a simple solution that delivers the mobility and state-of-the-art security needed to make cryptocurrency more viable for more consumers. The Arculus solution will broaden cryptocurrency adoption because of the familiar behavior consumers have using their payment cards, creating an improved user experience as compared to products currently on the market.”
The card, developed by card manufacturer CompoSecure, will become available mid-2021 alongside the Arculus Wallet app available for Android and iOS. Currently, private and business clients can enroll in a waitlist for the soon-to-be-released Arculus card.