close

A. Favre & Fils creates the first mechanical timepiece with built-in crypto-currency cold wallet

cryptocurrency

A. Favre & Fils has released the conception of the first ever Swiss handcrafted mechanical timepiece with a built-in crypto-currency cold wallet and state-of-the-art security solution.

The new watch incorporates Blockchain technology and proprietary state-of-the-art security expertise to guarantee in-data security and privacy protection.

The base of the device is a very fine watchmaking timepiece, hand-finished and equipped with an in-house manually wound mechanical movement.

Story continues below
Advertisement

Laurent Favre, the firm’s CEO, is looking forward to the release later in the year.

He commented: “I am very excited about this new piece and the vision it creates for the Swiss watchmaking industry. I am particularly proud of the great board of advisors we can count on for this very innovative project we are working on.”

He added: “Our team is composed by luxury watchmaking experts and a world-class board of advisors including Stephen Urquhart, Ex-President and CEO of Omega Group for 17 years and Oliver Bussmann, former Group CIO of UBS and SAP and one of the most influential blockchain expert. We have developed this first timepiece with the idea of offering something useful for the crypto-community, not simply something to spend their money on.”

In creating the new device, the firm says it has outlined how it has merged 300 years of fine watchmaking and innovation by bringing together the worlds of fine horology, mechatronics and cryptology into a timepiece.

The first prototype will be revealed during the second quarter of 2019.

Tags : CryptocurrencyinnovationMechanical watchnew productstechnology
Alex Douglas

The author Alex Douglas

Leave a Response