Crypto news

Tangem’s Crypto Ring: The Future of Wallets or Just a Fancy Accessory?

BBG News

So, guess what? Swiss cryptocurrency hardware wallet manufacturer Tangem just snagged a U.S. patent for a ring-shaped device that’s not just for bling but is designed to store digital assets and sign blockchain transactions. Who knew being a crypto millionaire could be so fashionable? 💍💰

Tangem Ring Wallet Patent Covers Secure Wearable Crypto Signing

Patent number 12307443—yes, that’s a mouthful—was issued by the United States Patent and Trademark Office. This little beauty from Tangem has a secure embedded chip that stores your private cryptographic keys. Because, you know, losing your keys is so last season. To sign a blockchain transaction, just bring the ring near your phone. It’s like magic, but with more tech and fewer rabbits. 🐇✨

The signing process happens entirely within the ring’s secure element; the private key is never transmitted externally. So, no need to worry about your secrets getting out. According to the announcement shared with TopMob, Tangem claims their patented architecture keeps your private keys locked up tighter than a Kardashian’s secret. The Zug-based company is also working on contactless cryptocurrency payment functionality for the ring. Because who doesn’t want to pay for their avocado toast with a ring? 🥑💳

Our newsdesk was told that this is Tangem’s third U.S. patent awarded in 2025. Previous patents include a private key backup system and a cryptocurrency payment card that combines self-custody with transactions. Their patent portfolio, including this shiny new ring patent valid for 20 years, is set to support licensing and business partnerships. Talk about a long-term relationship! 💍🤝

Tangem sees a golden opportunity in the booming smart ring market. They believe the global market for smart rings will experience double-digit compound annual growth. Apparently, people really want to wear their payments and identities on their fingers. Founded in 2017, Tangem is based in Switzerland and claims to serve users in over 220 countries. That’s a lot of rings! 💍🌍

Currently, their product line includes card-shaped hardware wallets. According to the team, the patented ring is their big leap into the wearable finance sector, targeting users who want self-custody with a side of convenience. Because who wouldn’t want to feel like a superhero while managing their crypto? 🦸‍♀️💸

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2025-05-29 16:57

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