SHIB Rides the Storm: Tangem’s Wallets Launched Amid Ledger Controversy

Amid Ledger’s controversial update, Tangem partners with Shiba Inu to launch SHIB-themed cold wallets.
The Tangem SHIB Wallet supports over 6,000 cryptocurrencies and requires no personal information.
Designed similarly to a credit card, the Tangem Wallet replaces the seed phrase with backup cards.

In the shadow of Ledger’s recent controversy, a beacon has emerged for Shiba Inu (SHIB) investors. Tangem, a renowned hardware wallet maker, has joined forces with the Shiba Inu team to launch unique SHIB-themed cold wallets.

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The Ledger controversy has been a tumultuous storm in the crypto world. The company’s recent firmware update introduced the Ledger Recover service, a key recovery service that requires users to provide identification for backing up their seed phrases.

This raised eyebrows, given Ledger’s previous data leak that exposed the personal information of thousands of customers. Amid such disquiet, the launch of Tangem’s SHIB-themed wallets has been met with a warm welcome.

The Tangem SHIB Wallet is a haven of versatility and anonymity. Capable of supporting over 6,000 different cryptocurrencies, it also caters to a variety of DeFi applications, such as DEXs, crypto lending services, and NFTs. This feature-rich wallet, remarkably, requires no provision of personally identifying information, a salient distinction from Ledger’s current approach.

Designed with the assistance of Shiba Inu Swap, the Tangem SHIB Wallet is more than just a themed cold wallet. In addition to supporting the SHIB token, the wallet will also support its ecosystem tokens, LEASH, and BONE, upon launch.

One of the most striking features of the Tangem SHIB Wallet is its design, which resembles a regular credit card and can be operated via a smartphone. This design brings an unprecedented level of portability and ease of use to SHIB holders.

Most notably, Tangem has instated a “smart backup” feature that replaces the traditional seed phrase with additional cards, serving as a source of backup. This innovative approach aims to safeguard investors from losing access to their wallets and comes as a breath of fresh air, particularly in light of Ledger’s recent controversies.

It’s worth remembering that while the launch of the Tangem SHIB Wallet has been met with excitement and anticipation, it is not immune to potential challenges and vulnerabilities. As always, investors should exercise caution and perform their due diligence when exploring new crypto storage solutions.

However, Tangem’s new offering, with its innovative security measures and support for a vast array of cryptocurrencies, represents a compelling new option for the discerning crypto investor.

As the pre-orders for these one-of-a-kind, card-shaped wallets kick off on 29th May, it’s apparent that the SHIB community is all set for this new era of crypto storage and security. Yet, it’s crucial to bear in mind that while these wallets offer innovative solutions and security measures, the unpredictable realm of cryptocurrencies always calls for cautious optimism.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.