Swiss watchmaker develops $100K timepiece with built-in crypto wallet

Swiss-based watchmaker A. Favre & Fils is developing a luxury timepiece that would be able to store cryptocurrencies, local media agency swissinfo.ch reported on Thursday. The company traces its history back to 1718 and can be viewed as one of the oldest watchmakers in Switzerland. It intends to build a new form of digital wallet that would have mechanical elements integrated. The crypto watch would combine the current technology behind digital assets with Switzerland’s traditional craft. The cost of one unit will range between $102,000 and $153,000.

Laurent Favre, founder and CEO of A. Favre & Fils, told the media that the company planned to make the mechanical watch relevant with the current age, which is dominated by innovative technologies. Favre wants to integrate the current trends into his watches to stay competitive.

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Source: Swiss Watchmaker Develops $100K Timepiece with Built-In Crypto Wallet – Cryptovest