CompoSecure’s Arculus Cold Storage Wallet to Debut on September 9, Bringing Simple and Secure Cryptocurrency Storage to the Market

By AIT News Desk On Aug 26, 2021

The new Arculus e-commerce site at www.GetArculus.com will offer the Arculus Key card

CompoSecure, L.L.C. announced its e-commerce site at www.GetArculus.com will go live on September 9, enabling consumers to purchase the Arculus Key card, the next-generation of cryptocurrency cold storage, providing air-gapped protection. Arculus makes it simple, safe and secure for consumers to buy, swap and manage all their cryptocurrency in one reliable place. Arculus was created by CompoSecure, a leading provider of premium financial cards and emergent cryptocurrency storage and security solution provider, which announced on April 19, 2021 that it had agreed to merge with Roman DBDR Tech Acquisition Corp.

“We need to help the millions of cryptocurrency buyers that are hemorrhaging billions in losses to hackers every year. Arculus empowers consumers to take back the keys to their crypto in an easy-to-use way that is safer than any solution on the market.”

Security for cryptocurrency is a paramount concern considering that this month, hackers stole approximately $600 million from a decentralized finance platform, which appears to be the biggest cryptocurrency threat in history, according to PYMNTS. This attack impacted “tens of thousands” of crypto members across multiple blockchains.

“There is an enormous unmet need in the market right now for a truly air-gapped (i.e., not connected to the internet at all) technology platform that is both simple and secure,” said Adam Lowe, Chief Innovation Officer of CompoSecure. “We need to help the millions of cryptocurrency buyers that are hemorrhaging billions in losses to hackers every year. Arculus empowers consumers to take back the keys to their crypto in an easy-to-use way that is safer than any solution on the market.”

Starting on September 9, the metal Arculus Key card, manufactured to the size of a credit card, will be available for purchase at www.GetArculus.com throughout the U.S. with shipping commencing at the end of September. The Arculus website will include details about the product, access to customer service and FAQs.

The Arculus Key card and Arculus Wallet™ mobile app work in tandem to protect each consumer’s private crypto keys with 3-factor authentication security that requires:

Something You Are – The Arculus Wallet app leverages biometric security systems on mobile devices (e.g., fingerprint or facial recognition).
Something You Know – The Arculus Wallet app requires a 6-digit PIN.
Something You Have – The Arculus Key card contains an EAL 6+ embedded secure element that holds the user’s encrypted private keys.

The intuitively designed Arculus Wallet app enables consumers to manage their cryptocurrency, send crypto to others, use fiat currency to buy crypto, and swap crypto-to-crypto by merely using “tap to transact” authentication, which allows the user to securely authorize the transaction with the Arculus Key card. The app supports the most popular cryptocurrencies (with more expected to be added in the future).

The Arculus Key card and Arculus Wallet app have undergone extensive external beta testing for quality assurance. Testing included all aspects of the three-factor authentication security system, and buying, sending/receiving and swapping cryptocurrency.

On April 19, 2021, CompoSecure announced that it had signed a merger agreement with Roman DBDR Tech Acquisition Corp., a special purpose acquisition company. Upon closing of the proposed merger, the combined company will operate as CompoSecure, Inc. and plans to trade on the Nasdaq stock market. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion. The transaction is expected to close in the third quarter of 2021 and remains subject to approval by Roman DBDR stockholders and other customary closing conditions.