Demand for hardware crypto wallets jumped in Russia | Economy news | News

In Russia, over the past month, a significant increase in demand for hardware crypto wallets among domestic users has been recorded. cryptonewsherald was told about this at RBS Crypto Labs.

“Explosive growth is associated with the ongoing sanctions pressure, the instability of traditional investment instruments, currency restrictions, the increase in the cost of bitcoin, as well as the insufficiently high level of information security and the safety of personal data on well-known crypto sites,” explained Sevil Baer, ​​the founder of the company.

Hardware crypto wallets allow you to make the owner absolutely anonymous, Ivan Fedyakov, CEO of INFOLine, spoke about the advantages of such storage of digital assets. They are also more reliable in terms of data storage and funds because they work offline.

According to Brandessence analysts, hardware wallets will hold around $1,328.7 million by 2028, with a CAGR of around 27%.

Read more in the exclusive cryptonewsherald article:

Not hot, but cold: demand for hardware crypto wallets jumped in Russia

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