G+D launches self hosted digital asset wallet that’s recoverable (Ledger Insights)
Giesecke+Devrient (G+D) unveiled its Convego TruSafe self hosted digital asset wallet solution, which it aims to distribute via banks. It combines a mobile wallet app with a smart card that looks like a debit card and acts as cold wallet storage. If someone loses the card, it’s recoverable by splitting your private key into pieces or shards. One is held on the card, one by your bank and one by G+D. If the card is lost, a new one can be ordered and authenticated and activated through the mobile app, and access to the digital assets on the lost card regained. A wallet holder must use biometrics to request a new card, which recreates the key behind the scenes. [Read more at G+D]
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