This $100K Luxury Swiss Watch Will Have a Built-In Crypto Wallet

- Advertisement -

A. Favre & Fils, a luxury Swiss watchmaker that traces its family history back three centuries, is developing a handcrafted mechanical timepiece with a built-in crypto-wallet.

The company announced last week that the watch will have crypto “cold wallet” and “state of the art proprietary security solution” based on blockchain technology.

A. Favre & Fils CEO Laurent Favre said in a statement:

“We have developed this first timepiece with the idea of offering something useful for the crypto-community, not simply something to spend their money on.”

A company representative told CoinDesk that one watch piece will cost in the range of CHF100,000 – CHF150,000 (or $102,000 – $153,000), depending upon the variant – gold, metal, etc.

The watch will “guarantee ultimate in-data security and privacy protection”, the company said in a statement, adding that the first prototype will be released during the second quarter of 2019.

“You have to keep adding relevant features that advance the design. It’s a bit like figuring out the future of steam engines in the age of electric trains,” Favre was quoted as saying to SWI swissinfo.ch, a news outlet owned by the Swiss Broadcasting Corporation.

- Advertisement -

Luxury watch image via Shutterstock 

Previous Articles:

- Advertisement -

Latest News

Off the Grid’s GUN Token Expands to Solana, NFT Sales Surge

Off the Grid's GUN token expanded to the Solana network to make access easier...

MicroStrategy Rises on Bitcoin Surge, Eyes $14B Unrealized Gains

MicroStrategy shares gained 6.5% over the last week, closely tracking Bitcoin’s surge to all-time...

Strategy to Resume Bitcoin Buys After $4.2B Raise, Saylor Signals

Strategy plans to resume its Bitcoin purchases following a short pause last week. The company...

Russia Urges BRICS to Drop US Dollar in Major De-Dollarization Push

Russia has launched a major initiative to remove the U.S. dollar from trade among...

Bitcoin Hits Record High as Wild Satoshi Nakamoto Theory Emerges

Bitcoin reached a new all-time high, nearing $119,000, pushing the total crypto market value...

Must Read

Top 10 Best Crypto Faucets To Earn Free Crypto

Are you looking to earn free cryptocurrency? Look no further! In this article, we will introduce you to the top 10 best crypto faucets...