Is a SHIB-Designed Ring Wallet on the Horizon? Tangem is Developing a New Ring-Shaped Product

Tangem, known for its card-sized hardware wallets, is now venturing into ring-shaped designs.

With ongoing SHIB-related projects and a community eager for SHIB-designed ring wallets, we might be on the brink of witnessing a new era in secure and stylish cryptocurrency storage.

Stay tuned for updates and delve into what this could mean for the cryptocurrency industry.

Tangem Reveals Ongoing Development of a "Ring-Type New Product"

Swiss-based company Tangem, known for offering thousands of types of card-sized hardware wallets compatible with a wide array of cryptocurrencies, has disclosed that they are in the process of developing a "new ring-shaped product."

Tangem has previously released special card-shaped wallets with Shiba Inu (SHIB) designs and is actively engaged in SHIB-related projects, hence expectations for their initiatives in the SHIB space are rising.

Will the New Ring-Type Product Feature NFC Technology?

Though the details about the "ring-type new product" have not yet been fully disclosed, speculation within the cryptocurrency industry suggests that this new offering could be a "cold wallet ring equipped with NFC chip technology."

NFC-enabled cryptocurrency ring wallets have already been developed, and numerous videos showcasing BTC transactions with such ring wallets have been posted on social media platforms.

This lends credence to the idea that Tangem might release a similar product in the near future.

High Expectations for SHIB-Designed Ring Wallets from the Community

Given Tangem's active involvement in SHIB-related projects and the prevalence of SHIB designs in their product lineup, voices from the Shiba Inu community have been calling for a "SHIB-designed ring wallet."

With interest gathering around future updates and formal announcements, it's worth paying close attention to how this project unfolds.

In a post dated September 15, 2023, Tangem also mentioned their plans for the ring wallet, stating, "We are also working on wallets in other shapes, including ring formats."