As crypto adoption steadily increases, businesses need a secure and user-friendly solution to manage digital assets. In this growing market, Cryptnox proposes a new way to let banks, fintech, and financial institutions issue crypto-based cards.
Cryptnox's main idea is to bring the simplicity of credit and debit cards to the complex world of cryptocurrencies. The company acts as a technology provider, offering a transparent
What Is Cryptnox?
Cryptnox is a Swiss-based company that provides innovative blockchain wallets for consumers and businesses. If you visit their official website, you will see that they mainly offer two solutions for the crypto world:
- A hardware wallet for consumers
- A crypto card provider system for businesses
In this article, we will focus entirely on the business solution. The product has several features that streamline transactions and provide a secure digital asset storage solution.
We will begin with what is probably the most business-friendly feature of all: the Kiosk functionality.
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The Kiosk Mode
The Kiosk Mode is a specialized application feature for seamless on-chain payments. You can easily switch to this mode from the "Settings" under "General."
Once in Kiosk Mode, you'll need to set up a receiving address. You'll need to authenticate yourself using your phone's biometric features for added security.
Adding or modifying your receiving address with a tap of the "Select an address" button is easy.
If you want to use a Cryptnox card address, you select your desired token card and provide a label.
In Kiosk Mode, you can use multiple payment addresses for different tokens. Like fiat currency payments, a PIN closes the process, finalizing the payment terminal operation.
A Quick Overview of the User's Dashboard
With the Cryptnox dashboard, you gain control over your crypto card interactions. You have the freedom to whitelist:
- Specific blockchains
ERC-20 tokens of your preference- Trusted recipient addresses
- Chosen smart contracts.
Moreover, the dashboard allows you to enforce daily spending caps on each card. Various safety measures are also in place. For instance, if your card goes missing or gets stolen, you can temporarily disable it and request a replacement. If you’re familiar with how a basic credit/debit card works, then you will see the similarity.
How to Set Up a Card
Setting up your card is a quick operation. You'll first receive your card, and then you'll need to navigate to the Cryptnox app. Proceed by entering your PIN and PUK codes into the app.
Alternatively, simply scan the QR code located on your profile. Use your smartphone to read your card and import it. Your card is active and paired with your phone as soon as you complete this action.
Keep in mind that the pairing introduces an additional layer of security. Your biometric credentials stored in your smartphone will help Cryptnox protect your card. At this point, you'll be able to see the screen below, which has a summary of your crypto holdings.
Managing Different Tokens
When setting up the app, you will see several tokens in your portfolio view. If you click the top-right corner icon, you'll be able to manage several tokens.
From the Bitcoin Mainnet to Ethereum, you'll be able to add a large number of different tokens to the app. If the list you see does not satisfy you, this is not an issue. In fact, you may click on the "+" button at the top left corner to add more tokens.
Here, you will need a slightly more advanced understanding of the crypto sector. Choose a network among those available, and add the token's contract address, name, symbol, number of decimals, and CoinGecko ID. You can find all this information on the token's official website or through a quick online search.
This is all you need to know to add a new token to your portfolio. The team's idea is to keep the process as simple as possible while offering users a wide range of options.
Bottom Line - Helping Crypto-Friendly Businesses Securely Thrive
Cryptnox provides a platform that merges the convenience of traditional banking with the innovation of the digital currency world. They offer a CryptoCard provider system for businesses, a hardware wallet solution ensuring secure on-chain transactions.
The Kiosk Mode offers seamless, secure on-chain payments with the flexibility to use multiple payment addresses for different tokens.
The Swiss-based company focuses on delivering innovative blockchain solutions. They offer a dashboard for controlling crypto card interactions, from whitelisting specific blockchains and tokens to setting spending caps. Safety measures can be enforced, including disabling and replacing cards in case of loss or theft.
Setting up a card involves:
- Receiving it by mail.
- Entering the PIN and PUK codes into the Cryptnox app.
- Alternatively, you can avoid the PIN/PUK step by simply scanning the QR code on your dashboard.
Pairing the card with your phone adds a new layer of security to your crypto assets.
The app provides a summary of crypto holdings and the ability to manage several tokens. Users can add new tokens to their portfolio, requiring a more advanced understanding of the crypto sector.
Cryptnox is carving a way for crypto-friendly businesses to thrive securely. It's a solution catering to the needs of businesses in the digital age, prioritizing safety without sacrificing ease of use.
The Cryptnox offering is an exciting development in the cryptocurrency space. The team leverages advanced technology to provide practical, user-friendly solutions for businesses navigating the world of digital assets.
The team's first card shipments are ongoing, creating excitement in the sector. If you want to learn more or try Cryptnox, visit its