On August 26th, CompoSecure, LLC announced the long-awaited release of Arculus™, the next-generation of cryptocurrency storage and management, to go live on September 9th, 2021 via the Arculus™ site, www.GetArculus.com. Arculus™ is a cryptocurrency cold storage and security service that equips both a mobile app and a premium financial card to store the private keys of customers’ digital assets, enabling users to safely buy, sell, swap, store and manage their cryptocurrencies all in one place. Once purchased, distribution of Arculus Key™ cards will commence at the end of September.
The Arculus Wallet™ provides air-gapped protection of users’ digital assets with three-factor authentication. To access the Arculus Wallet™, users must provide three core identifiers:
- Something you are: The Arculus Wallet™ app uses biometric security on mobile devices, including fingerprint and facial recognition.
- Something you know: Access to the Arculus™ app requires a 6-digit pin.
- Something you have: Private keys to a user’s digital assets are stored on the Arculus Key™ card. With a simple tap of the card to the device, the user unlocks access to the Arculus Wallet™app and can then buy, sell, swap, and store their cryptocurrencies.
The Arculus Key™ card is the size of a credit card, and fits in seamlessly with other financial cards, allowing for easy storage of your private keys without the clunky, USB-like hardware of competing cryptocurrency hardware wallets. For questions on the functionality of this product, the Arculus™ website provides access to customer service and FAQs.
In parallel, the Arculus Wallet™ app enables versatile cryptocurrency management, allowing users to buy and sell cryptocurrencies with fiat and digital assets alike, send crypto to others, and swap crypto-to-crypto. All transactions are protected and authorized by the Arculus Key™ card, which requires the user to tap their card to their mobile device to gain access to their private keys.
“There is an enormous unmet need in the market right now for a truly air-gapped (i.e., not connected to the internet at all) technology platform that is both simple and secure,” said Adam Lowe, Chief Innovation Officer of CompoSecure. “We need to help the millions of cryptocurrency buyers that are hemorrhaging billions in losses to hackers every year. Arculus™ empowers consumers to take back the keys to their crypto in an easy-to-use way that is safer than any solution on the market.”
Both the Arculus Key™ card and Arculus Wallet™ have undergone rigorous external beta testing to ensure proper functionality and security. From the three-factor authentication to buying, selling, swapping, and storing cryptocurrencies within the application and key card, Arculus™ is primed and ready for its September 9th launch date.
On April 19th, 2021, CompoSecure LLC announced that it will be merging with publicly traded special acquisition firm Roman DBDR Tech Acquisition Corp (NASDAQ: DBDR) (“Roman DBDR”). Following the merger, the combined companies will operate as CompoSecure, Inc. and plans to trade publicly on the Nasdaq Stock Exchange.
As providers of digital asset education services, Sarson Funds seeks to highlight innovation information that will best serve the cryptocurrency market and digital asset investors. Emergent advancements in cryptocurrency cold storage solutions are seen as an important milestone in broader market adoption. Secure cryptocurrency cold-storage hardware wallet solutions empower digital asset investors with full ownership of their digital assets, and is a highly regarded solution for digital asset security. For more information on Arculus™, please visit https://www.arculus.co.