SafePal Fortifies Hardware Wallet Security and Unveils Telegram Mini-Wallet with Banking Gateway and Crypto Mastercard

In a move set to raise the bar for consumer-grade crypto custody and on‑ramp services, non‑custodial wallet provider SafePal has today announced a major security upgrade across its hardware wallet lineup alongside the launch of a Telegram-based mini‑wallet that integrates a banking gateway and digital Mastercard functionality.

Hardware Wallets Now Shielded by CC EAL 6+ Secure Elements

At the heart of today’s announcement is an upgrade to the Secure Element (SE) chipsets used in SafePal’s full hardware wallet range, moving from Common Criteria Evaluation Assurance Level (CC EAL) 5+ to CC EAL 6+. This leap in certification level reflects the most rigorous security testing recognized in the financial industry, involving exhaustive third‑party evaluation of the chip’s resilience against physical tampering, side‑channel attacks, and data privacy breaches.

• CC EAL 6+ is rarely achieved in consumer electronics; by contrast, most credit‑card chips are certified at EAL 4+ or EAL 5+. SafePal’s elevation to EAL 6+ “pushes its hardware wallet line beyond traditional financial industry standards,” the company asserts.
• The higher EAL rating means enhanced countermeasures against invasive attacks, ensuring private keys and transaction data remain inaccessible even under sophisticated physical intrusion attempts.

“The crypto security landscape needs to be constantly evolving together with accessibility to ensure users remain safe,” said Veronica Wong, CEO and co‑founder of SafePal. She pointed to high‑profile incidents—such as the $1.4 billion hack of exchange Bybit—as catalysts for raising hardware security standards. “We’re excited to be offering these enhancements for our hardware wallets while maintaining the same affordable prices.”

Software and Mobile Wallet Upgrades: Data Parsing & Dapp Simulation

Complementing the hardware improvements, SafePal has rolled out significant software and mobile‑wallet updates, designed to bolster user confidence and transaction transparency:

• Data Parsing for Multisig Transactions
  Users of the Safe (formerly Gnosis) multisignature wallet can now parse transaction data on‑device, enabling them to independently verify the details of each multisig request before approval.

• Dapp Transaction Simulation
  Prior to signing any decentralized application (dapp) transaction, users can simulate the operation to preview how their assets will be affected. This pre‑execution check guards against malicious or buggy smart contracts.

These features are a direct response to “significant security‑related concerns” identified by the SafePal team, aiming to minimize the risk of unintended asset movements or exposure to smart‑contract vulnerabilities.

SafePal Mini: A Telegram Mini‑Wallet with Banking Gateway & Mastercard

In tandem with its hardware security upgrades, SafePal has also launched SafePal Mini, a Telegram Mini‑wallet designed to bring compliant, crypto‑friendly banking services to over 950 million Telegram users worldwide. Key highlights include:

1. Multi‑Blockchain Support

   • Immediate support for over 40 blockchains, including Ethereum, TON, BNB Chain, Arbitrum, and Base.
   • Planned additions—such as Solana—in upcoming updates.

2. Integrated Banking Gateway

   • On‑ramp fiat deposits in USD, EUR, CHF, and CNY via individually owned, FINMA‑licensed Swiss bank accounts.
   • Users retain full custody of their funds, with SafePal acting purely as a compliant gateway.

3. Digital Crypto Mastercard

   • Link bank accounts to a digital Mastercard compatible with PayPal, Apple Pay, Google Pay, and Samsung Pay.
   • Instant spending of crypto‑converted fiat at millions of merchants worldwide.

4. Expansion Roadmap

   • Broader banking gateway coverage across Europe and the Asia‑Pacific region.
   • Planned introduction of an in‑app token swap feature.

According to SafePal, the Telegram Mini‑wallet beta tests have concluded successfully, and the live rollout is intended to democratize access to compliant crypto banking without forcing users out of their favorite messaging platform.

What This Means for Crypto Users

SafePal’s dual focus on industry‑leading hardware security and seamless fiat‑crypto integration underscores a broader trend: as cryptocurrencies continue to mature, user expectations for both bullet‑proof custody solutions and easy on‑ramp/off‑ramp experiences are rising in tandem. By delivering EAL 6+ certified hardware wallets at accessible price points, alongside a chat‑based mini‑wallet that marries crypto with traditional banking rails, SafePal is staking a claim to serve both security‑conscious enthusiasts and mainstream adopters.

Whether these innovations will shift market dynamics remains to be seen, but one thing is clear: the intersection of robust security and user‑friendly design is increasingly where the battle for crypto adoption will be won or lost.