Ballet Real has unveiled its latest innovation in cryptocurrency security - the XRP Cold Storage Coin, a physical steel coin designed specifically for offline storage of XRP cryptocurrency.
The new cold storage solution combines robust security with user-friendly features, requiring no electronic components, which makes it immune to hacking attempts and malware attacks. The coin features a QR code on its front that serves as the deposit address for XRP transfers.
The private key is protected under a tamper-evident seal and uses BIP38 two-factor encryption, accessible only to the coin's owner. Users can transfer their XRP directly from existing wallets to the coin using the QR code.
Beyond XRP storage, the coin supports over 200 cryptocurrencies and more than 60 NFT collections through the Ballet Crypto App. The app serves purely as a management and monitoring tool, with all private keys remaining offline for maximum security.
The product requires no passwords, software updates, or KYC (Know Your Customer) verification, enhancing user privacy. Ballet Real positions the coin as suitable for both crypto newcomers and experienced investors, also marketing it as a potential collectible or gift item.
The XRP Cold Storage Coin is now available through Ballet's official store. The coin ships without pre-loaded cryptocurrency, allowing users to transfer their desired amount of XRP. Ballet Real advises that once the protective layers are removed to access the private key, the coin should not be used for long-term storage to maintain security integrity.
The crypto community, particularly the "XRP Army," has responded positively to the launch, praising the combination of physical durability and ease of use. As demand for secure offline storage solutions continues to grow, Ballet Real's latest offering could establish new standards in cryptocurrency storage technology.