By Ivo Georgiev, CEO and founder of Ambire Wallet
When it comes to crypto storage, hardware wallets have long been considered the gold standard from a security standpoint. However, given ongoing advances in mobile wallet technology and recent slip-ups from established hardware wallet providers, it appears mobile wallets may ultimately replace hard wallets as the go-to choice – both in terms of convenience AND security.
More specifically, the secure enclaves and trusted execution environments used in today’s mobile devices are more reliable than hardware wallets made by new startups. By leveraging these tried and true technologies and combining them with smart wallet capabilities such as account abstraction, mobile wallets are poised to become the de facto choice for both existing crypto holders and the rising tide of new users.
Mobile Phones Are Already Impervious to Most Attacks
Today’s mobile phones are secured by a battle-tested arsenal of security features which have withsto
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