Bitcoin, the top cryptocurrency of the world, is significantly expanding to various sectors. Every industry, big or small wants to experiment with Bitcoin. Now, the leading Swiss-based watch manufacturer company Franck Muller has decided to unveil Bitcoin watches to its customers. Its good news for Bitcoin enthusiast, they can now own a Bitcoin watch of a popular company.
Franck Muller has entered in a partnership with an investment company Regal Assets, and the objective of the team is to launch the first of its kind Bitcoin watch named “Encrypto.”
Considering Bitcoin, the Encrypto was successfully developed by using the QR code of Satoshi’s Genesis Block address that includes a public key.
The watch is specifically designed and operates as a cold wallet to store Bitcoin. The official release mentions the design it says, and the watch comes with two piece set, the watch consists of a unique public address engraved on the dial and a USB which includes a private key that is locked. One of the important things to remember is that users can directly check their Bitcoin balance with the dial.
Franck Muller’s, regional director Erol Baliyan spoke over its new initiative by saying:
“We always aim to impact the customer at an emotional level and create a bond between the customer and the timepiece. As a brand, we are a trend maker with a solid track record and are not shy when it comes to adopting innovation.” Added: “Bitcoin is the millennial gold is the perfect marriage between innovation and personal choice.”
To check the Bitcoin balance via the dial, the user needs to include their Bitcoin to their wallet, press release mentioned.
Cost of the Watch
The leading Swiss watchmaker has even revealed the price of its new initiative, and the Encrypto watch price starts anywhere from $9,800 to $50,600. The watches nearing to $50,600 will be available with a diamond coated version. User can make use of their credit card and Bitcoin to purchase the watch and even make a bank transfer to own one for themselves or others.
The popular watch manufacturing company is experimenting with other crypto-based models, and these models will eventually back other leading altcoins such as Ethereum, Ripple, and others. The date has not yet been revealed by the firm for the launch of other watches.
Where to buy?
Baliyan, the regional director of the firm, said the watch could be purchased through the online store as they are currently available and even at its Dubai Mall store. Customers can also buy the new Bitcoin product from our associate Regal Assets. The Encrypto is available for both men and women with varying price tags. Only limited edition of watches will be sold of Encrypto, around 500 watches of each version are available on the online platform.
The QR code of the watch and deep cold storage system were developed in collaboration with Regal assets across various company offices, namely Canada, the UAE, the UK, and the US.
CEO of Regal, Tyler Gallagher responded to this partnership, pleased to be a part of the watch development process along with Franck Muller. The watch is a more innovative one and believes that it’s the perfect bonding between wearable’s and cryptocurrency and between two growing companies. Regal Assets have remained a firm supporter of digital currencies and are always happy to collaborate with popular brands so as to bring new and amazing crypto products.