A. Favre & Fils, a luxury Swiss watchmaker that traces its family history back three centuries, is developing a handcrafted mechanical timepiece with a built-in crypto-wallet.
The company announced last week that the watch will have crypto “cold wallet” and “state of the art proprietary security solution” based on blockchain technology.
A. Favre & Fils CEO Laurent Favre said in a statement:
“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.”A company representative told CoinDesk that one watch piece will cost in the range of CHF100,000 - CHF150,000 (or $102,000 - $153,000), depending upon the variant – gold, metal, etc.
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