CoolBitX Recognized as Industry Leader in Digital Wallet Innovation by Global Research and Advisory Firm, Aite Group

CoolBitX, a blockchain security company and creator of the first bluetooth-enabled mobile hardware wallet for digital assets, is honored to have been recognized by Aite Group’s 2019 Digital Wallet Innovation Awards. CoolBitX’s flagship product, CoolWallet S, is the winner in the ‘Product Design’ category. The awards were announced this week at the Mobile Payments Conference in Chicago, recognizing the innovation achieved by digital wallet providers in the collective goal to eliminate friction in mobile commerce.

CoolBitX CEO Michael Ou said: “This year marks the five year anniversary of CoolBitX and to receive recognition from a well-known organization such as Aite Group for our efforts to date in providing a user-friendly, secure, and well-designed product to consumers is an incredible milestone for us. With the high level of competition in this year’s awards, being recognized as a leader in product design for digital wallets confirms that the energy necessary to bring CoolWallet S to market has been well-spent. I am very thankful for my incredible team who have made the past five years of CoolBitX’s possible. This award has reaffirmed our dedication to continued innovation in user-friendly wallet services.”

First released in 2018, CoolWallet S is a credit card-sized hardware wallet that is the first to allow bluetooth-enabled pairing with users’ mobile phones. Whereby most hardware wallets require USB connections to computers, CoolWallet S is optimized for mobility and its bluetooth pairing feature allows for secure cryptocurrency storage on the go. Cryptocurrency markets are notoriously fast-moving, but unfortunately, cryptocurrency exchanges are frequently hacked. Users who may want to trade cryptocurrencies on their phones may do so and still safely store their virtual assets almost immediately without having to wait until they are in front of a computer. In addition, CoolWallet S allows users to store and protect multiple digital assets, including BTC, ETH, LTC, XRP, BCH, ZEN, BNB, and ERC20 tokens.

“Digital wallets play a key role in the evolution of the payment ecosystem. This year, we have seen an exclusion of innovation and we are glad to be able to recognize CoolWallet S in this year’s awards,” said Thad Peterson, senior analyst at Aite Group. “Our panel of external experts on digital payments and wallets picked CoolWallet S for its innovation, its fit with current and future market needs, and its scalability across its customer base. While the win is not an endorsement by Aite Group, the technology behind the product and the company’s roadmap is very exciting to our panel.”

CoolBitX continues to innovate and is constantly adding new integrations to CoolWallet S, building the CoolWallet brand and meeting the demands of the ever-growing digital asset market.

To request additional information about Aite Group’s Digital Wallet Innovation Awards, please contact pr@aitegroup.com.