Ledger Announced New Hardware Wallet Ledger Stax with iPod Creator Tony Fadell
Hardware cryptocurrency wallet developer Ledger has inked a partnership with Tony Fadell, creator of Apple’s iPod, to launch its new wallet Ledger Stax.
Pascal Gauthier, Ledger’s CEO and Chairman, has said that the Ledger Stax wallet will be a more stylish and functional device compared to the previous models. Therefore, he hopes it can win the hearts of more retail crypto users and find mass adoption.
“We wanted to do something that is more fun and fits with where culture is going,” he said.
The new wallet comes as demand for Ledger’s hardware wallets, which keep cryptocurrency in offline or “cold” storage and thus they are more secure, has seen an uptick following the collapse of FTX.
In fact, Ledger saw the highest demand in its hardware wallets in the first two days of FTX collapse. Furthermore, this past November has become the company’s best month of sales. The company has sold over five million hardware wallets in 200 countries since its inception in 2014.
The collapse of FTX, one of the largest cryptocurrency exchanges in the world, eroded user confidence in centralized players, setting up the stage for decentralized options to get into the limelight.
Ledger plans to release the Ledger Stax wallet in the first quarter of 2023. The outside of the wallet is a wraparound e-ink display, which can be used to show transaction details and even non-fungible tokens (NFTs).
The wallet will use a USB-C connection to hook up to laptops and Bluetooth to connect to the Ledger Live Mobile app on smartphones. Ledger Connect, the company’s upcoming crypto wallet extension, will also enable it to connect to Web3 apps. Ledger Stax will also support wireless Qi charging.
“With the Ledger Nano series, we created the most successful digital asset security hardware of all time—with more than 5 million sold and none ever hacked,” Gauthier said. “Digital assets are increasingly about identity and digital ownership, not just crypto like Bitcoin. The time is now for a device for more mainstream users. At the same time, we must not compromise on security.”
Ledger Stax specs
- Dimensions: 85mm × 54mm × 6mm (credit card length and width)
- Security: Ledger EAL 5+ certified secure element
- Screen type: E Ink (up to 16 grays), customizable always-on lock screen, capacitive touch
- Screen resolution: 672 × 400 pixels
- Weight: 45g
- Connectivity: USB C, Bluetooth 5.2
- Magnet array for easy stacking
- Qi wireless charging
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