Host : Please welcome Nancy. Thanks for coming in this special AMA at our VVIP group
Nancy: Hello, I’m Nancy, CMO of HyperPay，nice to meet you!
Host : This AMA will have 3 segment
Segment 1 is introduction about the project and you
Segment 2 Question from community
Segment 3 Share Pool Prize
Segment 1
Host : I will start the first question
Q1. Please introduce yourself to our community and how did you join the hyperpay and history known crypto world
Nancy : Hello，I‘m Nancy，HyperPay CMO, Served as a marketing manager in a well-known investment company JRR Crypto, and a core member of HPB early entrepreneurship. Joined HyperPay in 2020. During my tenure as CMO, I founded and hosted the “HyperPay Focus” high-end interview AMA column.
Host : Okay thank you that a great story 👍 Q2. Please briefly introduce HyperPay and the two current hot-selling products
Nancy : Let me introduce HyperPay first:
HyperPay is the world’s first multi-ecological digital asset wallet that integrates off-chain wallet, HyperMate hardware wallet, on-chain wallet, and shared wallet. Established in 2017, it provides users with one-stop services such as asset management, investment, consumer payment, etc. . HyperPay now has more than 1 million users, manages more than $1 billion assets, and has processed more than 310 million transfers.
HyperPay cleverly integrates four independent wallets in one APP so that users can freely switch to any wallet for related operations, and transfer is also convenient between wallets. The four wallets, each serves for different purpose. Off-chain wallet can be used to achieve asset value preservation and appreciation by investing in products launched by HyperPay; on-chain wallet which supports the mainstream public chains in the current market, can perfectly meet the needs of users for depositing funds; shared wallet facilitate frequent exchanges of large amounts of funds; hardware wallets are Long-term static storage for large amounts of funds.
HyperPay also has other services such as wealth management, currency transaction, fiat transaction, lightning exchange, mortgage lending, market tracking, multi-signature co-management and others.
The products in off-chain wallet include: current and fixed investment products, PoS Staking, digital currency mortgage lending, and cloud mining. All of the above are currency-based capital-guaranteed investment products.
Today, the flagship products I want to introduce to you are HyperMate Pro hardware wallet and HyperCard credit card.
HyperMate Pro, HyperPay’s new generation hardware wallet (the first generation is HyperMate G), was officially launched on April 8. HyperMate Pro inherits all the functions of HyperMate G, and combines traditional mature security technologies – fingerprint recognition to achieve a secondary security upgrade at the physical level to prevent illegal hijacking of user accounts by external factors in extreme cases, thus to ensure that every transaction is correct and safe.
HyperMate Pro supports the mainstream digital currencies, with a total of tens of thousands, supports multi-sig of BTC, HC, ETH, BCH, LTC and ERC20. It has built-in CC EAL 6+ security chip, double transaction confirmation, firmware upgrade, Bluetooth 5.0 connection to HyperPay app, high level security and DeFi session with rich entrances.
HyperCard can be used to consume and store assets. It also supports legal currency OTC, so you can use it in more than 176 countries, over 50 million merchants around the world. Shopping, entertainment, or travel, you only need to show your HyperCard to get a perfect and smooth payment experience all over the world.
HyperCard is easy to apply and can be purchased directly in the HyperPay wallet. Digital currency can be exchanged into legal currency in real time after being deposited to HyperCard, eliminating the cumbersome process and the trouble of paying cash. Safe payment is guaranteed, and consumer privacy is protected by law. HyperCard creates a new payment method that is easy-to-use, fast, flexible, and highly secure.
In the process of card purchase and opening, when it needs to pay in USDT and you do not have any in the wallet balance, you can click “One-click purchase” on the homepage of HyperPay app to buy certain amount of USDT through your credit card (different card have different prices, purchase on your demand), or you can just transfer USDT to your wallet balance.
After submitting the card opening application, it will start the review step which is usually completed within 24 hours, and the result will be emailed or phoned to you. Once it passed the review, virtual card can be used immediately, but the physical card will take a certain time to be sent to you.
Host : Q3. Please introduce the classification of digital currency wallets
Nancy : There are many classification methods for digital currency wallets. The commonly used ones are as follows:
According to whether the wallet is connected to the Internet, it is divided into cold wallet and hot wallet. A hot wallet is connected to the Internet, and a cold wallet is not. We usually use hot wallets, such as desktop wallets, mobile wallets, and web wallets. Hot wallets are also divided into centralized hot wallets and decentralized hot wallets.
Cold wallets can be divided into paper wallets, brain wallets and hardware wallets, which are usually not connected or unable to connect to the Internet.
ccording to the ownership of the private key, it is divided into a centralized wallet and a decentralized wallet. A centralized wallet has the private key controlled by the service provider, and a decentralized wallet has it controlled by the user self.
Single-chain wallets and multi-chain wallets. As the name implies, single-chain wallets only support one main chain, and multi-chain wallets support multiple main chains and main chain tokens.
According to the completeness of data storage, it is divided into full node wallet and light node wallet. The full-node wallet saves all the blockchain data, so it occupies a large space. All block data needs to be synchronized before each use, and it does not support multiple digital assets, which is not convenient for ordinary users. Light nodes do not store all the data of the network, so they are small in size. It is currently the most widely used wallet.
There are single-signature wallets and multi-signature wallets. In single-signature wallets, sending transactions is controlled by one person. In multi-signature wallets, it needs to be authorized and signed by multiple people to send transactions.
There are also some other wallets, such as information wallet, web wallet, browser plug-in wallet. Information wallet is connected to the Internet, and you can use it to view the changes in assets in the cold wallet address. Web wallet refers to the wallet created and used on web pages, which can be used across platforms and have a relatively low threshold for use.
The most commonly used browser plug-in wallet is the Metamask wallet. Basically, current mainstream public chains all have plug-in wallets developed by community developers. Plug-in wallets can directly use Dapp in the browser, and the threshold for use is also very low. However, the security level of web wallets and plug-in wallets is not very high.
Host : Q4. What are the reasons for choosing HyperMate? What are the benefits?
Nancy : Thanks for your question.
’ve heard many people say that they don’t have much assets in the hands, and putting them in the exchange is relatively safe because even if something goes wrong, the exchange will take the responsibility. The fact is just the opposite. The shocking news of the industry’s leading exchanges has sounded the alarm for us. Centralized institutions may shut down for many reasons.
The DeFi field continues to be hot. Users can withdraw their assets from centralized institutions and use hardware wallets to participate in DeFi. Therefore, users can completely connect through wallets and DApps, and assets are kept in In your own hardware wallet or other media, which is exactly the developing direction of the industry.
The hardware wallet stores your private key securely in the device, and no hacker can disclose it.
Hardware wallets are not affected by computer viruses, which means you don’t need to worry about infected computers used with hardware wallets.
Before sending funds from the device, users need to make physical access on the hardware wallet device for confirmation. These all ensure that the hardware wallet can guarantee the safety of user funds to the greatest extent.
Protecting the safety of users’ funds is our eternal mission. This is why we are deeply involved in the wallet field and gradually iterate our hardware wallet products.
Host : Q5. What are the upgrades of this new version of HyperMate Pro compared to the previous version?
Nancy : This time, HyperMate Pro has made great improvements in exterior, user experience, functions and safety performance compared with HyperMate G.
Let’s first take a look at the two versions of hardware wallets (the left HyperMate Pro, the right HyperMate G) :
The International Organization for Standardization divides the CC assessment level into EAL 1-7 from low to high. Generally speaking, the safety requirements of commercial products are within CC EAL 5. The bank chip debit cards require CC EAL5+. Higher levels such as CC EAL6 and CC EAL7 are for military use. HyperMate G and HyperMate Pro all reach CC EAL6+, but Pro has been detailed optimized and improved:
Carved in details, an innovative work
HyperMate G supports tens of thousands currencies, supports multi-sig of BTC, HC, ETH, BCH, LTC and ERC20 tokens, supports firmware upgrades, and supports connection to HyperPay app via Bluetooth.
HyperMate Pro inherits all the functions of HyperMate G, and combines traditional mature security technologies to achieve a secondary security upgrade at the physical level to prevent illegal hijacking of user accounts by external factors in extreme cases, thus to ensure that every transaction is correct and safe.
Fingerprint
Users need to verify their fingerprints on HyperMate Pro to confirm that the transaction is initiated by themselves, which double guarantees the security of the transaction;
Mnemonic
Users have two options for creating mnemonic words: users can choose to create 12 or 24 mnemonic words, and the two standards do not affect the safety coefficient.
Bluetooth 5.0
Bluetooth 5.0 has an increase and optimization for the speed of low-power devices. Bluetooth 5.0 combines with wifi to assist in positioning indoor locations, improving transmission speed and increasing effective working distance.
Optimizing user experience
Chinese/English
HyperMate G only has English language, but Pro supports English and Chinese. Korean, Italian, and Arabic will soon be supported;
Smoother physical keys
HyperMate Pro has made a lot of optimizations in details to try to provide users with better experience.
Brand-new design
HyperMate Pro has larger monitor and the physical keys, which is more intuitive and easier to operate.
Also, the vertical structure, the appropriately increased volume and weight and the perfectly arranged keys make it more suitable for one-handed operation.
Host : last question this segment
Q6. What are the advantages of HyperMate Pro compared with other hardware wallets?
Nancy : Some hardware wallets currently use webs or desktops to work with the hardware wallet, such as Ledger Live or Trezor, but compared to the mobile app, web or desktop essentially carry a greater risk exposure. Mobile apps run in a sandbox environment. Data is not allowed to be read between apps. Products on the mobile side turn on system global area encryption by default, which is often not the case on the web or desktop. User permissions on the mobile are strongly restricted, unlike on the computer, where users can even bypass some security settings through the command tools.
Also, ordinary users are not good at discerning phishing links. When downloading a desktop, users are likely to download to the wrong companion software, resulting in a coin loss.
At present, there are two types of hardware wallets on the market. One is chip-based hardware wallets, which store private keys, PIN codes and other private information in the security chip, such as Trezor, Ledger, HyperMate, etc.; the other is a mobile wallet based on the Android system, like Kushen Wallet.
This kind of wallet puts the keystore in the memory, and there is no security protection in the memory, so it leaves an opportunity for hackers. If such wallets are lost, they will be physically cracked.
There are also differences between chip wallets. For example, Trezor uses ordinary chips. If hackers conduct electronic attacks, ordinary chip is helpless. In 2017, at the World Hacker Conference held in Las Vegas, USA, a foreign security team demonstrated on the spot how to hack Trezor wallet. It only takes 15 seconds to transfer Bitcoin by loopholes after removing the wallet shell.
Ledger uses the security chip with the security level of CC EAL5+. The International Organization for Standardization divides the CC evaluation level into EAL 1-7 from low to high. Generally speaking, the safety requirements of commercial products are within CC EAL 5. The bank chip debit card used requires CC EAL5+ security certification, and higher encryption levels such as CC EAL6 and CC EAL7 belong to the military level.
Ledger uses two chips, one is secure and the other is non-secure, so it exists security risks in the process of transmitting information between these two chips. Ledger has also exposed security vulnerabilities. Hackers can obtain the PIN code of the wallet step by step without removing the outer shell by forcibly upgrading the non-secure chip. The PIN code is equivalent to the password of the wallet. With it, you can open the wallet and transfer money away.
Unlike Ledger, HyperMate adopts the single-chip design, without adding any chips for auxiliary calculation or information storage in the design circuit. All the components such as buttons, screens and Bluetooth are directly connected to the security chip to avoid data transmission between multiple chips, completely eliminating any possibility of tampering with data.
HyperMate adopts the randomly arranged keyboard for PIN code input, each at different position, and no real PIN number displayed, minimizing the probability of passers-by peeking at the PIN codes and stealing private keys. When the PIN code is entered incorrectly 10 times in a row, HyperMate will automatically destroy the stored data, which can effectively prevent the hardware wallet from being violently cracked by hackers.
At the same time, all transactions require a second checking and confirmation. The trading information can be fully displayed on the HyperMate’s display screen, and once the APP may suffer tampering, the information displayed on the screen not the same, the user can reject the transaction directly. Moreover, the information on the screen is produced by the chip internally through calculation and encryption.
The wallet private keys and mnemonics of HyperMate are generated purely by hardware, never leaving the security components, and never connecting to the network.
In addition to the US FCC authorization certification, we have also obtained the European CE safety certification. Our hardware wallet is very popular in overseas markets. We have a large number of orders from the American and Italian markets.
HyperMate meets the BIP32/BIP39/BIP44/BIP45 standard. The creation and recovery of the wallet are completely offline. Once the private key is generated, it is stored in the encrypted security chip, even the hardware wallet itself is unable to read it.
If you are interested in HyperMate Pro, you can follow our official news, you can open https://hyperpay.tech/hardware?lang=en to purchase.
This is all my introduction today. If you want to buy a hardware wallet or credit card, you can register with the person in charge of the group.
Please send the registration form to the group! @pebri1002
This is a red envelope for everyone. https://hpy.hyperpayapp.com/bao/login?lang=en&ref=7QD4B7XoPniX1Sx6q8RlACenOPfByRdMDaPSpyy%2BOds%3D
If you want to buy a hardware wallet, you can fill out this form. We will give everyone a discount. https://jinshuju.net/f/BMwIIu
