Knox supports most cryptocurrencies, including Monero.
The company claims that Knox security is determined by the fact that the developers used the new technology: the device's processor calculates the private key using the user's secret phrase. The key exists only during the transaction and is not stored anywhere else. The owner can use a phrase that is easy to remember.
The updates of the Knox software are automatic and an inexperienced user does not risk becoming a victim of a phishing attack.
John McAfee who joined the project said that «no other hardware wallet has ever been built to this level of sophistication». The sales of Bitfi Wallet will begin on June 25.
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