April 28, 2024
Press releases

SafePal unveils addition to flagship hardware wallet line to compete with other heavyweights

The S1 Pro is the first addition in four years since the line’s inception and is ready for distribution in August.

SafePal, a comprehensive non-custodial crypto wallet suite with over 10 million users, is unveiling the S1 Pro, an upgraded variation of its flagship S1 hardware wallet. The move comes strategically amid positioning to enter Japan and other target markets in Asia.

Built with a premium aluminium alloy body, a stronger, scratch-resistant screen, longer battery life and a camera with adjusted positioning, the S1 Pro retains the signature air-gapped cold-storage qualities, portability and security of the S1, with bolstered durability.

“Our team has always believed in affordable and accessible wallet security to fulfil the financial inclusion that the crypto industry promises to provide,” said Veronica Wong, CEO and co-founder of SafePal. “The S1 has steadily gained recognition for its value, convenience and security, and the S1 Pro is our acknowledgement of user demand for a better Trezor or Ledger that is not exorbitantly priced.”

The S1 Pro will be priced at $99, and retain notable features of the S1, such as the anti-tamper, self-erasing mechanism, being 100% offline without Bluetooth, WiFi or NFC and radio frequencies. The model is targeted to be ready via existing official distribution channels in August. 

“While UI, UX and the complexity of the technology remain roadblocks to adoption, language barriers need to be tackled to globalize access to crypto security,” said Wong. “Japan and Korea are two markets that have tremendous potential, but require tailored localization efforts to properly reach users.”

The wallet suite currently supports 15 languages including Korean and Japanese, and is hiring native translators and team members in addition to strengthening partnerships, distribution and reseller channels to penetrate the Japanese market.

Safepal recently integrated zero-knowledge and EVM networks such as zkSync Era, Polygon zkEVM, Telos and Caduceus Metaverse Protocol for its wallet suite, strengthening interoperability with over 100 supported networks via SafePal’s in-app cross-chain swap and bridge.

The wallet suite is also progressing on the open-sourcing of its solutions, which is halfway done and targeted to be completed around the beginning of 2024.

About SafePal

Founded in 2018, SafePal is a comprehensive crypto wallet suite providing hardware wallet, mobile app and browser extension wallet solutions. As a noncustodial wallet suite, SafePal aims to allow users to own their crypto adventure, by empowering them to access opportunities securely in the decentralized world. 

The SafePal platform is backed by industry leaders like Binance, Animoca Brands and SuperScrypt, serving over 10 million users globally and supporting 15 languages as well as over 100 blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools for users.

SFP is a decentralized BEP-20 and ERC-20 utility token and the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs. 

Stay informed about SafePal here.

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Image: SafePal

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