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Ledger begins shipping new Ledger Stax wallet after 18 months

The new device, which features an innovative design and advanced security features, aims to enhance the protection of users’ digital assets.

Date: 2024-05-28 Author: Marek Stiller
Ledger begins shipping new Ledger Stax wallet after 18 months

French startup Ledger has finally begun shipping its latest Ledger Stax devices, nearly 18 months after they were first announced. According to a TechCrunch report, Ledger partnered with Tony Fadell, one of the key designers of the iPod, and introduced an updated wallet with an E-Ink display.

E-Ink technology, commonly used in e-book readers such as the Amazon Kindle and Rakuten Kobo, provides a clear display in daylight with minimal power consumption. Once all pre-orders have been fulfilled, Ledger plans to list the Ledger Stax on its website as soon as enough inventory is available.

Design hurdles led to delays

The protracted delay in shipping the portfolio can be attributed to the company’s potential over-promises on the design. Large-scale production of the curved E-Ink display used in the Ledger Stax proved more difficult than anticipated.

Unlike its counterparts, the Ledger Stax boasts a larger display with a secure touchscreen that directly interacts with the device’s secure element.

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This feature provides greater user-friendliness compared to the arrow buttons available on other Ledger devices. While the Nano S Plus only works with a USB-C cable, both the Nano X and Stax include a Bluetooth chip.

As a result, users can initiate cryptocurrency transactions from their phones and verify them with their wallets without the need for wires. Targeting high-end customers, Ledger initially sold the Ledger Stax for 279 euros in the pre-order phase (about $300 at the current exchange rate).

The company has not revealed the final retail price, which will be announced when the wallet is available again on its website.

Ledger Stax hardware wallet security

When it comes to security, all Ledger products store the private keys of users’ wallets. With Ledger, the private keys never leave the device, giving you peace of mind that even in the event of a security breach of your computer or phone, your assets will remain safe.

It’s worth noting, however, that most cryptocurrency hacks are phishing attempts , and while Ledger can’t protect against social engineering and fraud, it offers a subscription product for those seeking additional peace of mind.

Significantly, the release of Ledger Stax marks the beginning of a manufacturing partnership with Foxconn, a consumer electronics company. Previously, Ledger assembled its devices in Vierzon, France, and while the Nano S Plus and Nano X will continue to be manufactured there, the partnership with Foxconn marks an expansion of manufacturing capabilities.

Ledger has sold more than 6 million devices to date, and the company estimates that it secures about 20% of the world’s cryptocurrency assets.

It’s worth noting that Ledger saw a surge in sales after the chaotic collapse of FTX in November 2022, when consumers resorted to self-care solutions to protect their digital assets.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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