Press Release: Friday, 15 November 2019, 13:45 CAT | Source: iCE3x
Bobby Lee – the co-founder of China’s successful cryptocurrency exchange BTCChina – has started a company called Ballet Crypto that provides a non-electronic hardware wallet to store cryptocurrency – like one would store gold or cash. The wallet launched worldwide this year and the South African cryptocurrency exchange iCE3X has partnered with Ballet Crypto to promote these wallets to their users.
Bobby Lee founded Ballet in 2018 after selling BTCChina (renamed BTCC) to help drive global adoption of bitcoin and cryptocurrencies. The Ballet wallet requires no set-up and this makes it easy for nine-year-olds or ninety-nine-year-olds to store crypto – under a mattress (not recommended) or in a safe.
The cooperation with Ballet is a natural fit because iCE3X encourages their users to take their cryptocurrency off exchanges and store them on hardware wallets where they have control over their private keys (needed to prove ownership of bitcoin).
Gareth Grobler, iCE3X’s founder and CEO met Bobby Lee, a long-time cryptocurrency friend, at a recent conference in London. He says “Ballet is an easy, reliable and safe way to keep your own crypto funds – without any hassle of complicated key management and remembering passwords. A simple scratch card works for our users when they want to access their funds. I like it because in my view more people lose funds through user error than hacking or theft.”
Receiving cryptocurrency on the wallet is as simple as scanning a users’ unique wallet address. The Ballet Wallet offers storage for Bitcoin, Ripple, Litecoin and Ethereum among others.
Eugéne Etsebeth, iCE3X COO said: “We are a platform to buy and sell crypto. Bobby Lee’s wallet is a natural fit for iCE3X because our belief is that users should not hold their funds on an exchange.”
The company’s objective is to offer clients the best service to buy and sell (trade) cryptocurrencies and fiat pairs on a trusted exchange by integrating with numerous business partners including a cryptocurrency exchange platform provider, financial institutions, merchant services, wallets, custodial services, insurance and scratch cards in order to build an ecosystem around iCE3X’s exchange platform.
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This article is a Press Release received from iCE3x. SA Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.