- Ledger has announced a new wallet designed by former Apple engineer Tony Fadell.
- Pre-orders for the $279 Ledger Stax are presently being accepted.
- The Stax is intended to provide a more luxurious product.
Ledger, a maker of hardware wallets for bitcoin and other cryptocurrencies, has unveiled a new wallet. Tony Fadell, a former Apple programmer, created the new wallet, which is called Ledger Stax. The wallet has a tiny, wrap-around E Ink screen that resembles a smartphone and is rectangular in shape.
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Similar to previous Ledgers, the system will function by allowing users to retain bitcoin and other cryptocurrencies in cold storage, offline. The device’s front will include a configurable display that may show images or NFTs, according to the product website.
Pre-orders for the $279 Ledger Stax are presently being accepted. March 2023 is the estimated delivery date. It will also be available at Best Buy shops because the electronics behemoth now offers the Ledger Nano S Plus and Nano X devices.
Beyond the basic Ledger Nano S, the Stax is intended to provide a more luxurious product. Notably, the Nano S is compact and contains functions like a USB drive. Additionally, the timing is ideal for the business as many people are rethinking their decision to self-custody their digital assets.
This comes after the FTX exchange’s devastating collapse, which resulted in the loss of enormous amounts of exchange custody user cash. In fact, a business representative revealed that in November, “Ledger achieved its two best-ever sales days.”
In addition, Fadell described his reasoning for his design to Fortune Crypto.
We need a user-friendly, a ‘user-delightful’ tool to bring digital asset security to the rest of us, not just the geeks.
Tony Fadell
It may be argued that the ecosystem would benefit educationally if more people practiced self-custody rather than placing their confidence in custodians. Theoretically, a desirable, well-made gadget may introduce the idea to more people.
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