Cryptocurrency News Today: Evercoin launches next version of mobile cryptocurrency hardware wallet
A hardware wallet is a way of storing a Cryptocurrency owner’s private keys in a secure hardware device. Evercoin 2 provides mobile users the first end-to-end ownership solution for cryptocurrencies, featuring a hardware wallet the size of a house key powered by the security technology of partner Yubico.
If you lose something, like a private key or password, Evercoin 2 can help you recover it without exposing you to hackers, who have stolen Cryptocurrency from accounts by hacking two-factor authentication and then getting mobile phone store employees to switch SIM cards. (This is why Cryptocurrency investor Michael Terpin is suing AT&T for $224 million).
Evercoin announced the new wallet at the New York Consensus Invest Summit.
The company currently supports 20 assets, including Bitcoin and Ethereum. Evercoin 2’s core features include mobile-first smartphone support for both iOS and Android devices. It’s both a wallet that lets users hold their own assets and an exchange that allows them to exchange any of 19 popular cryptocurrencies.
Evercoin 2 also has bank linking (for fiat currency like the U.S. dollar) so users can connect bank accounts to exchange U.S. dollars with cryptocurrencies and back.
This combination provides all of the financial services users expect from a service like Coinbase, but for the first time in a mobile wallet, secured by hardware and fully controlled by the user, E