Quick Facts
Arculus Card Products
- Cold Storage Wallet
Company Vitals
Founders: Michele Logan, Adam Lowe, Luis DaSilva
Year Created: 2000
Headquartered: Somerset, New Jersey
Parent Company: Composecure
Company Overview
Founded in 2000, CompoSecure has established itself in the financial technology industry with a focus on premium metal payment cards that were high quality and secure.
In 2021 in CompoSecure launched the Arculus Cold Storage Wallet as its first product. This wallet combines a physical card, the Arculus Key Card, with a mobile app for secure management of digital assets.
The Arculus Key Card is a passive device that remains locked until wallet creation, ensuring that private keys are not generated until the user initiates the process. This card, combined with the Arculus Wallet app, offers a secure method for crypto storage and transactions.
Key features of the Arculus system include:
- 3-Factor Authentication: The system employs a 3-factor authentication process for enhanced security, requiring the Arculus Key Card, a biometric factor (such as fingerprint or facial recognition), and a 6-digit PIN for access.
- NFC Technology: The Arculus Key Card uses NFC technology for communication with the Arculus Wallet app, ensuring a seamless and secure connection.
- Cold Storage: As a cold storage wallet, Arculus keeps your private keys offline, reducing the risk of hacking and theft.
- Supported Cryptocurrencies: The Arculus Wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and various ERC20 tokens, among others.
Security Incidents
- June 2023, Arculus card holders were the subject of phishing attacks asking users to update their firmware even though the card has no firmware to update. It’s unclear how Arculus-Composecure customer info was compromised.
Big Brother Government Influence
If Arculus users want to purchase or swap bitcoin-crypto through the App, Arculus partner Onramper requires location disclosure ad well as camera access for KYC/AML verification. At this time, Arculus requires no personal info to simply hold digital assets like bitcoin, crypto, or NFTs.