The Swiss manufacturer of luxury watches A. Favre & Fils, whose history dates back to the first half of the 18th century, is developing a new model of mechanical watches with a built-in crypto wallet. This is reported by Coindesk.
Last week, the company announced that the watch will be equipped with a cryptocurrency “cold wallet” and an “advanced security mechanism” based on blockchain technology.
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. You have to keep adding relevant features that advance the design. It’s a bit like figuring out the future of steam engines in the age of electric trains.
CEO, A. Favre & Fils
The cost of watch will range from $ 100,000 to $ 150,000, depending on the material used. The company "guarantees total data and privacy protection" and intends to present the first prototype of the new model in the second quarter of 2019.