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SafePal Brings the X Factor With Open-Source Suite, Bluetooth Hardware Wallet

The strategic move is set to bolster its position against industry giants like Ledger and Trezor.

SafePal's X1 device (Image: SafePal)

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Move over crypto OGs. SafePal's stepping up its game, looking to outshine the big daddies of the hardware wallet world. And guess what? They're going all open-source.

The renowned non-custodial crypto wallet suit has announced the open-sourcing of its offerings. With a user base exceeding 10 million, the Singapore-based firm backed by Binance Labs and Animoca Brands, has also introduced the X1, its latest bluetooth hardware wallet.

The X1 marks a significant expansion of SafePal's hardware wallet portfolio, joining its predecessors, the S1 and S1 Pro. This addition underscores the company's rapid growth, having launched three models within the past year.

The company unveiled its latest device at TOKEN2049 this week, offering some 5,000 attendees first dibs on its cutting-edge bluetooth wallet. Yup, instant crypto swag. Thankfully, Blockhead was among the first to get our hands on the devices.

X1: The Next-Level Crypto BFF

Just think of it: super-safe cold storage (that's crypto-speak for off-the-grid safety), a fancy 1.8" screen, and a D-pad with a gazillion buttons. And let's not forget, it's got a brain of its own. It’ll self-erase if some sneaky peep tries messing with it. All for a cool US$69.99.

In a move to bolster trust and transparency, major segments of the X1's code have been progressively open-sourced, SafePal noted. Additionally, the wallet suite has integrated emerging networks like Base, Mantle, and Linea, augmenting its support for over 100 blockchains.

"Our shift towards open-sourcing is a testament to our commitment to transparency and innovation," Veronica Wong, the CEO and co-founder of SafePal, said in an announcement.

So, crypto buddies, if you're still chilling with an online wallet, maybe it's time for an upgrade. If you're still that person stashing their digital gold (ahem, crypto) in online wallets, then you're just asking for trouble. Dive into the future with SafePal's X1. After all, in the wild west of crypto, it's always better to be safe than sorry!