Bitcoin hardware wallet maker CoolBitX raises $500K

posted about 1 year ago
Bitcoin hardware wallet maker CoolBitX has raised $500,000 as part of its push into the broader blockchain security industry.

The Taiwan-based firm plans to use the money to create new implementations of the security in its wallet for implementation in Internet-of-Things (IoT) devices, the medical industry and other blockchain sectors where identity is paramount.

The founder and CEO of lead investor Kyber Capital positioned CoolBitX's Coolwallet technology as a more broadly applicable “decentralized security protocol”.

As possible evidence of industry interest in non-cryptocurrency related applications of CoolBitX’s security tech, Taiwan-based medical devices firm iMediPlus also participated in the round.
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