SafePal, a complete non-custodial crypto wallet suite sponsored by industry giants like Binance and Animoca Brands with over 10 million users, is launching the S1 Pro (an improved version of its popular S1 hardware wallet). The action coincides strategically with preparations for entry into Japan and other major Asian markets.
The S1 Pro maintains the distinctive air-gapped cold storage capabilities, portability, and security of the S1, with increased durability. It also has a better scratch-resistant screen, a longer battery life, and a camera that is positioned differently.
“Our team has always believed in affordable and accessible wallet security, to fulfil the financial inclusion which 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 cost $99 and retain some of the S1’s standout characteristics, such as the anti-tamper self-erasing mechanism and being completely offline without Bluetooth, WiFi, NFC, or radio frequencies. The model is expected to be available via established, authorized distribution channels in August.
“While UI,UX, and the complexity of the technology remain roadblocks to adoption, language barriers need to be tackled to globalise access to crypto security ” said Veronica. “Japan and Korea are two markets which have tremendous potential, but require tailored localization efforts to properly reach users”.
To get into the Japanese market, the wallet suite is increasing alliances, distribution, and reseller channels in addition to adding local translators and team members. The wallet suite presently supports 15 languages, including Korean and Japanese.
In order to improve compatibility with the 100+ supported networks, SafePal recently incorporated zero-knowledge and EVM networks including zkSync Era, Polygon zkEVM, Telos, and Caduceus Metaverse Protocol for its wallet suite.
The wallet suite is also making progress with the open-sourcing of its solutions, which is now 50% complete and is anticipated to be finished by the start of 2024.