Swiss luxury watchmaker Franck Muller launches limited-edition timepieces, that it claims as “the world’s first functional bitcoin watch” dubbed as “Encrypto”.
Launched in partnership with cryptocurrency trading platform Regal Assets, the dial of the watch aesthetically has sports bitcoin’s logo and a QR code of bitcoin’s genesis block address.
The face will also have a laser-etched QR code for a public wallet address, which could purportedly be used to deposit bitcoin and check its balance. A sealed USB stick is also included that will store the private key, as mentioned in the announcement on Wednesday by Regal Assets
As per the announcement, the “deep cold storage” wallet uses “offline generated, non-deterministic TRNGs (True Random Numbers Generated) that cannot be hacked.” Currently, Encrypto is available online and at Franck Muller’s Dubai Mall store. The payments could be made through credit card, bank transfer, and bitcoin as well.
Quoted between $10,000-$60,000 apiece, a maximum of 500 each of men’s and women’s versions will be available for sale, as indicated by the maker’s website. Some of the models might also include precious metals and diamonds in the dial and frame.
Franck Muller is said to be exploring models featuring ether (ETH) and other “top five coins”, including XRP in the future. Earlier this year, luxury Swiss watchmaker A. Favre & Fils also announced the development of handcrafted mechanical timepiece with a built-in crypto-wallet. This watch will cost in the range of $102,000–$153,000, depending upon the model and its features and materials.
Image Source – Regal assets