CompoSecure’s Arculus enables users to secure their digital assets across the
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“We consistently monitor user feedback in an effort to ensure we deliver the strongest product offering for our customers. We have added a tremendous amount of new functionality into the Arculus Wallet, enabling it to be a secure gateway to easily and conveniently access the decentralized Web3 world,” said
User feedback plays a key role in product roadmap decisions for Arculus. The new Arculus Wallet features significantly expanded through today’s software release include:
- NFT Support: The Arculus Wallet™ App now supports Ethereum-based NFTs in a special “galleries” section of the app for intuitive navigation. Users can now securely view, send and receive NFTs, enabling self-custody. The NFT market is expected to accelerate at a CAGR of 35.27% over the next several years and that will also increase NFT hacks, which reached
$52 millionin the first four months of 2022, as opposed to only $7 millionin 2021.
- WalletConnect Integration: Users can leverage WalletConnect to easily and seamlessly connect to any DeFi exchange or platform to access DApps (decentralized applications) exchanges for functions such as crypto-to-crypto transfers, lending and borrowing, as well as NFT marketplaces to quickly and securely purchase, send, receive or store any amount of NFTs through the multifactor authentication of the Arculus Wallet App.
- More Tokens/currencies: Arculus also recently added support for 16 more cryptocurrencies, which are all ERC20s on the Ethereum blockchain: Amp (AMP), Cronos (CRO), ApeCoin (APE), Curve DAO Token (CRV), dYdX (DYDX), Earn Finance (YFI), Fantom (FTM), Gala (GALA), Golem (GLM), HEX (HEX), Loopring (LRC), Nexo (NEXO), OKB (OKB), Quant (QNT), Ren (REN) and Wax (WAXE). In addition, the Company anticipates it will introduce support for Bitcoin Latinum (LTNM) by the end of June. Based on the Bitcoin blockchain, LTNM uses the energy efficient proof-of-stake consensus mechanism.
Launched in 2021, 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 simple, safe and secure to store, buy, swap, send and receive cryptocurrency and other digital assets, such as NFTs. This solution provides intuitive controls and a familiar “tap to transact” metal payment card form factor to manage multiple digital assets in one easy-to-use solution.
Consumers can purchase the Arculus Key card at www.GetArculus.com or Amazon.com throughout the
For businesses looking for more information on how to leverage this security solution, please visit: www.getarculus.com/Business-Solutions/
For media wanting additional resources, please visit our online press kit.
Founded in 2000,
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of the Company’s management and are not predictions of actual performance. Although the Company believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. In some instances, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. You should understand that the following important factors, among others, could affect the Company’s future results and could cause those results or other outcomes to differ materially from those expressed or implied in the Company’s forward-looking statements: the ability of the Company to grow and manage growth profitably, maintain relationships with customers, compete within its industry and retain its key employees; the possibility that the Company may be adversely impacted by other economic conditions (including the rapidly evolving conflict between Russian and the
Developed by CompoSecure, Arculus® is the revolutionary new cold storage wallet solution for securing your crypto and NFTs.