Designed by Benjamin Hubert of Layer, the Trove Coin wearable is one of three physical parts of an unhackable, unloseable cryptocurrency storage system concept created in collaboration with fintech start-up Trove. Currently a prototype, Trove is made up of Coin, Keep, Safe, and the Trove app. Used together, the Trove system will offer “a safer, more reliable way to store and use cryptocurrencies every day” according to Layer.
The Trove Coin is a 3mm x 20mm black aerated aluminium or silver anodised aluminium wrist device that, like a regular wallet, is a way to store currency for daily use spending and trading. The Coin stores its cryptocurrency offline on the hardware, rather than online, making it is less susceptible to hackers.
Unlocking the Coin requires an ECG signature, a biometric method of verification that recognises a user’s unique heartbeat pattern, by touching the contact zone on the front. This then activates bluetooth, which communicates with the user’s smartphone and allows funds to be accessed. Unlike other cryptocurrency wallets, which rely on complex password systems, it is theoretically impossible to lose or forget the authentication for Coin.
The Coin device is stored in Keep, a tactile volcanic rock and polycarbonate container powered by a USB-C port and inductively charges the Coin.
Says Layer, “The Trove Coin is designed to fit a user’s personal style. It magnetically attaches to three different accessories – wristband, neck pendant, or brooch. The user has the option to openly display the Coin as a fashion accessory, or wear it in a more discreet manner.”
The Trove wristband is an adjustable band made from a variety of Kvadrat textiles onto which the Coin magnetically attaches.
“The Trove necklace is a unisex cord necklace with an adjustable metal loop and a minimal pendant onto which the Coin magnetically attaches. The necklace can be reversed to hide the Coin and interchangeable decorative fascias – made from terrazzo, acrylic, or foamed ceramic – can be fitted over the pendant.”
“The Trove Coin clip is a simple magnetic backing that transforms the Coin itself into a brooch-like accessory.”
Trove Coin pairs with Safe, a personal home bank protected by ECG verification. “While Coin stores currency for daily use, Safe holds your decentralised personal wealth at home. It is designed to look like a wall tile that can be easily installed, like any other wall tile, so it is hiding in plain sight. Like the Coin, Safe is an offline cryptocurrency wallet, which only goes online when biometrically authorised to transfer funds. In this way, it is protected from hackers and password loss.”
“The TROVE app makes interacting with cryptocurrencies easier and more approachable. The app design is simple and engaging, making use of clear text and graph elements and soft pastel colours.”
“The TROVE app functions as a wallet for your various cryptocurrencies, and makes it easy to buy and sell cryptocurrencies and pay for everyday purchases. Users can easily see their spending history and how the value of the currency has changed over time, and also compare the performance of various cryptocurrencies, for example Bitcoin compared to Ethereum. There is also a tracking function, that enables users to know the exact location of their Coin at all times, and an AI financial advisor.”