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Case Wallet Bitcoin Hardware Devices to Shut Down From November - Bitsonline (press release) (blog)

Published 2 years ago

Case Wallet Bitcoin Hardware Devices to Shut Down From November - Bitsonline (press release) (blog)

BitsOnline via bitsonline.com

Bitcoin hardware wallet Case Wallet will halt service starting 1st November 2017. It’s a blow to customers who bought Case Wallet devices, which sold for about $199 USD. Case Wallet devices were pretty revolutionary when they first appeared in 2015, with an ambitious feature list. Anecdotally, we didn’t see many Case Wallet devices in the wild and some users reported multiple issues. Cryptolabs also appears to be pivoting away from the digital currency space, and has no immediate plans for a new version of the Case Wallet hardware. “Cellular infrastructure does update at a relatively high frequency but we believed that to be in our advantage initially … We predicted that the rate of adoption for remote regions would increase due to lowered infrastructure costs as more developing nations would move to 3G and 4G/LTE. The Case Wallet shutdown and Cryptolabs’ broadening focus highlights the difficulties hardware makers face in this fast-changing industry. Back in 2015, TechCrunch called Case “an insanely secure hardware bitcoin wallet”, but questioned its $199 price tag given Cryptolabs’ goal to reach developing markets. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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