David and Phil on Ellipal’s air-gapped hardware wallet security

0:00I'm Ashlyn Addison from event chain for investmentpitch media and FinTech news network and today on blockchain interviews we have David and Phil the founder and the head of marketing for le pal cold storage wallet guys thank you so much for being on the show it's a pleasure to have you here today yeah hi thank you thank you know everybody's in Destin yeah it's Terry

0:22you're very welcome David let's talk a little bit about the le pal cryptocurrency hardware wallet could you first start with what was your vision when you started the le pal and how are you helping grow the cryptocurrency community okay first one Anika is not always hot about what it's company and how you know instructor yeah impress the instructor come day we built

0:47up the more than the waste product to build up more people connected blockchain because everybody know the blockchain just the girls are just the beginning they need a long way to goes up so currently we build up the basic true worried cause machine to connect more people to easily to join the production industry yeah it's our

1:15mission that's great and definitely coins security is one of the top things that's needed especially and education to help people get more into cryptocurrency and I know that you guys have had multiple versions of the wallet and you guys have been around for quite a while now what is special about le pal besides just being able to store your coins what else can you guys do

1:43Gail Caleb back so I lead powers we try to make it a an all-round solution for you know the users just not for storing coins so I'll get to the counter so they are apart from security you can is a mobile mobile focus hardware wallet solution so people can you know manage

2:12their coins exchange trade everything just right on their mobile and then sign with the hardware wallet whenever they is available so we also add some you know like decentralized finance options like you know investment products finance that coin conversion you can also you know build market charts and then also you know will project

2:43information and you know everything right on yeah yeah it's been there for us we want to build up what all we use one solution for users first one the city seek aid basic is Hardware wallet and we do the application the application just as the film mentioned based upon all the function and makes all human solutions and make users easily users we can store their call the

3:12audit all we can exchange it can treating and out even they can earn interesting all the law in the future so it's all in one solution yeah so it's clear yeah that's great and I've used the first version of Ellie Powell and I understand that you guys have a mobile app that's in a store and it connects to the actual hardware wallet wirelessly through your keys and stuff

3:39so you do not need to always have you know just using the the hardware wallet itself and I think that's a big advantage where people can just go and check their wallet balances and everything that's built into the app right yeah yes yes yeah it's usually so floss the city easily yeah that's great when you guys been great with decentralized exchanges straight from

4:05your phone as well yeah that's awesome and you guys originally but then you need to sign with the hardware wallet so that's the security yeah yes so if you have your mobile phone you can't just trade away coins you need to verify by having the actual hardware wallet with you to ensure that if somebody steals your phone they cannot steal your coins

4:32they're actually on your the private keys are on the le pal itself but you can manage it from your phone right mmm that is that's great and I saw that you guys now have the le pal Titan version 2.0 there's many security upgrades and feature upgrades can you talk a little bit about what you learned from the first version and how you have improved to the new le pal Titan mmm yes

5:02plus uh yeah that's some story okay first of all you'd observe the jobs are added how's your original proportion now it's cool you know that because it's before just the Lackland like a USB cable I mean there'll a girl trailer and the other sub wallets they have to connect with the computer via USB cable or maybe they're Boutros or something so Annika original the product is the first

5:30one air-gap now we see he's really famous because their air gap solution in the Mac so we've at the beginning it gets to many users but we miss something we meet some question because we are the bigger man the users will confuse Oh liberate the revoir devouring the on the delivery if if any people attract some

5:58things out to some things may be easier to load some things yeah so for us we studies are how handsome make users is not concerned the consent circle Center delivery attack or any other modes of physical attack so we study research right yes so it come from the worry that know many how we're wall is they suffer from supply chain attacks so it's like

6:25when you sell through a distributor or during shipment people can crack inside and change put some malware and then give it to you and then when you create a probability that Varick you can be sent back true you know us when you get online or something so what we do is basically make the wallet so just just one piece of metal yes it's all fully sealed so you know even if you wanna

6:55crack inside it is very difficult yeah and also we proved in their antique absolution auxiliar any people even if they well to their opens ours they have to damage the stem user opponent then they will hatch out there undetected solution who wanted to destroy themselves so for this urn so we call it's a tight half they call a new product type its

7:26mean they're not only not only there keep the air gap solutions remote remote keen remote remote she is our remote proof and also we increase increase the field holder proof but hacking truth yeah we just stop certainly just launched to market launder some cameras in September yes yes much is we sell a huge role in research and also Mullins

7:57keep on trust art and put more site aside to this voice yeah that's great so you guys have I know you have so the metal things so that the USB cannot plug directly into the wallet so that can stop because I have seen before specifically with the ledger wallet I saw that there was a way to attack through plugging the USB and you could actually brute force into the wallet so

8:22that's a very good safety measure to have a lapel and obviously the tiger is almost stronger go ahead yeah what we did is basically because we use QR code anyway we just we don't need all those USB ports or charging or whatever we just remove everything yeah so it's just just a single wallet just a single you know heartless piece of device that cannot be connect with anything and only

8:48a little bit like the contact charge is no charging the battery that's all yes so we do the two points first one is a connection free no any connection outside and second one has just passed the QR code and the code the information can be them very verified the users and its hand and bear they know what's the information passed so they will feel oh and comfortable because everything is up

9:16on the table I trust her it means they're recalling some trust I trust that's great and now a lot of people that are getting into cryptocurrency the first thing you need is education and to have safety for your coins and so some of the popular hardware wallets like the treasurer and the ledger they seem like they're pretty easy to use do you guys have is it it

9:43just as easy if somebody has never used le pal is it easy just as easy to use as the other hardware wallets or do you help people learn about the safety of it and educate them on how to use it you know how easy is it for us we think we believe our solution is easier than you know both ledger and treasurer especially for people who you know don't trade on on their PC so you know we have

10:12users from very young age 7 years old or 2 month to very old people 70 years old from all types of backgrounds traders students orchestra others a Orchestra musicians on the level yeah and as you know and we have another partner the adequacy oh right yeah yeah as

10:42beginnings are to let me either Chester Chester how interesting of the blockchain industry there is my investor summer crypto so we study the steep we study the city and made by lighter people we create an account okay yeah by liger but who the afternoon post after study learned how to use and it's how to connector with the PC and how to use it

11:09how to create account is because for us we has a skill gap but even for us because the typically and also the the Duke in he said it's smaller and cannot easily to come from charge so we feel Oh baby but we know lighter is number one in the world so how to run it right so missing maybe maybe sir you sir it's a good marketing class so it's like

11:37me for any power we could create a power company and the first product is hard our wallet because we think ok weekends are influencers lot mm-hmm that's great now what is next you guys just released le pal Titan in September what is next for you guys are you just continuing to sell that or are you looking at putting it in more software integrations or maybe other hardware and

12:01other products that you're looking to sell you know what is on the roadmap for 2020 as beginning magician dude the I thought is not only hot about comedy let's do the build apps there other basics your product so for the hologram would easily will keep their Titan and maybe at a long long time now of course we have a stomach from idea absurd maybe we can make the more than smaller the

12:29more than you need to use and senses but should be a tribute in future currently we focus on our product is a post machine you also can do search I thought most in there let Collins family let cones or some it's yes because you'll know the library and also with other other release so we sync the payment payment solution which should be very important

12:56in the future so we build ABS our post motion post machine in the name in the post post al-kuwaiti survey but yes we do search and resistance machine they can accept their payment to not only the Fiats but also on the morning crypto currency so as with the hologram you reviewed a monitor and the post machine is either at sync and that's great pop

13:27the parts also connects with the early part then so when you receive payment your payment automatically go through your course darling yes yes it's very seve easily on the seats for the shop owner yeah shop owner that's great and and where are you guys looking at rolling out these POS machines first in which areas of the world yes behavior currently we have the troop

13:54rotations potential the pathway rise whole Netherland now they have Nestle Helms or PC clone yeah very study we are working with and tuning some things another one is we are talking with Latin American some people who knows a – yeah they already true to the sounds of their post machine and they promote their – payment

14:25Venezuela yeah yes so when I started our church we want to do the same thing easier yeah and are you guys looking for more strategic partners right now or more investors or more team members what are you looking for as you continue to expand the company yes you are right for us there we grew faster goes up we need we are looking for more paddlers whatever investor or team member or

14:54earnings or partners we have there come forward search is everything okay yeah iris es because we are fast group goes up yeah definitely yeah the company is growing quickly so if people are interested in helping le pal grow or getting involved and learning more information or just purchasing in le pal what is the best way for them to learn more information

15:17and get a hold of you just visit our website le Paul comm on dad is a shed a shaft widget that you can directly contact us at the bottom of the page there's any way to contacts a true Twitter email telegram group our telegram is really active every day yes people come and discuss you know what we should improve what other problems what

15:47other ideas when someone received a leap how they get excited they come close therefore it's a come and join us awesome well I'll leave those links in the description box below for the video and that's all the time that we have David and Phil but thank you so much for being on the show I'm looking forward to seeing more of the growth of le pal and all the best moving forward and let's

16:12follow up in the near future thank you yeah Thank You Esther thank you