Crypto financial services provider CompoSecure is expanding its Arculus Wallet to support WalletConnect integration, non-fungible tokens (NFTs) and 16 new cryptocurrencies.
Ethereum-based NFTs are supported in a “galleries” section as part of the new, expanded capabilities offered within Arculus Wallet. Users can view, send and receive NFTs, enabling self-custody, and connect to the decentralized finance (DeFi) market through the WalletConnect integration, according to a press release Tuesday (June 21).
See also: Following Crypto Crash, Search for the Bottom Begins in Earnest
Connecting to DeFi exchanges gives users access to decentralized applications (DApps) and functions such as crypto-to-crypto transfers, lending and borrowing.
“We consistently monitor user feedback in an effort to ensure we deliver the strongest product offering for our customers,” said Jon Wilk, CEO of CompoSecure. “We have added a tremendous amount of new functionality into the Arculus Wallet, enabling it to be a secure gateway to easily and conveniently access the decentralized Web3 world.”
Read more: PayPal Opens Door to Outside Crypto Wallets
“With the simple touch of an Arculus Key™ Card, users can unlock access to their DeFi and NFT worlds in addition to managing their cryptocurrency assets. We continuously strive to meet the needs of the market through well-designed, secure and elegant solutions that deliver peace of mind,” Wilk continued.
Founded in 2000 and headquartered in Somerset, New Jersey, CompoSecure went public last year. The company offers financial payment cards, as well as cryptocurrency and digital asset storage and security solutions.
Related: Treasury Dept Sec: Crypto Wallet ID Rules Will Allow Innovation
In 2021, CompoSecure introduced the complementary Arculus Key Card and the Arculus Wallet App. The digital wallet is secured by a three-factor authentication security solution, which includes biometric info, a private 6-digit PIN and the Arculus Key Card.
The solution enables users to securely store, buy, swap, send and receive cryptocurrency, NFTs and other digital assets. It also uses intuitive controls and a “tap to transact” metal payment card to manage multiple digital assets in one place, according to the release.
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