Digital Wallet News

CompoSecure Arculus Named Most Innovative Cold Storage Wallet in the Industry by ABI Research

CompoSecure Arculus Named Most Innovative Cold Storage Wallet in the Industry by ABI Research
Arculus ranked as one of the top 3 overall solutions in the market for storing cryptocurrency and other digital assets

CompoSecure, Inc. a leader in payment, security and authentication solutions, announced that Arculus was named the “Top Innovator” in the cold storage wallet industry by ABI Research, a global technology intelligence firm. The new ABI Research report, “Cold Storage Wallets and the Security of Cryptocurrency Portfolios,” addresses the growing need for self-custody tools that allow you to maintain full control over your cryptocurrency and other digital assets.

Latest Fintech News: Metallicus Forms Advisory Board of Banking Regulatory and Compliance Experts

“We are proud Arculus has been recognized as the most innovative cold storage hardware wallet on the market,” said Jon Wilk, CEO of CompoSecure. “Our company has always been driven by innovation, and ABI Research’s newest report validates our dedication to creating an easy-to-use product that people can trust whether they are new to cryptocurrency or veterans of the industry.”

Given some of the recent challenges in the crypto marketplace, the need for self-custody of private keys has never been more important. The Arculus Key™ Card and Arculus Wallet™ App work together with a best-in-class, 3-factor authentication security solution (biometric, private 6-digit PIN and the Arculus Key Card), making it the most innovative cold storage hardware wallet on the market, according to ABI Research’s report.

The Arculus cold storage wallet provides intuitive controls and a familiar “tap to transact” functionality to manage multiple digital assets in one easy-to-use solution. The Arculus metal card form factor is a unique differentiator and eliminates the need for charging or plugging a dongle into a device, offering a high level of overall security. This blend of strong security and simple functionality gaining Arculus recognition as a market leader, ranking 3rd in the industry according to ABI Research.

Latest Fintech News: Citizens Financial Group Announces Pricing of $800 Million of Citizens Bank, N.A. Senior Notes

“CompoSecure has earned first place in innovation thanks to its layered security approach,” said Sam Gazely, ABI Research analyst. “Eschewing the typically seen form factor of the plastic dongle, the Arculus Key Card takes the form of a sleek, metal smart card, favoring a smaller profile for easier storage.”

ABI Research assessed and compared seven vendors of cold storage hardware crypto wallets and established the market positioning of each company based on innovation and implementation. The assessment criteria for innovation included supported currencies, ease of use/access, security, functionality and connectivity support. The assessment criteria for implementation included geographic reach, product/service range, partnerships and customers, and financial strength. Rankings are calculated based on this assessment to determine market leadership in specific areas, as well as overall industry leaders.

Latest Fintech News: Torches Launches on KuCoin Win and its Legendary Torchlight NFTs to Be Won

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Esker and Marlabs Partner to Expand Adoption of Digital with Procure-to-Pay and Order-to-Cash Automation

Fintech News Desk

WorldRemit Releases Global TV Commercials to Showcase Clear Pricing and Create Opportunities for Customers

Fintech News Desk

Covr Announces Industry-Leading New Digital Insurance Platform

Fintech News Desk
1