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Ledger Stax Hardware Wallet Shipping Update
French startup Ledger has recently started shipping its latest Ledger Stax devices, nearly 18 months after their initial announcement. Collaborating with Tony Fadell, one of the key designers behind the iPod, Ledger has introduced an updated wallet featuring an E-Ink display, offering a clear display in daylight while consuming minimal power.
Design Challenges and Delay
The prolonged delay in shipping the Ledger Stax hardware wallet can be attributed to design challenges. The curved E-Ink display proved more challenging to produce at scale than anticipated. Unlike its counterparts, the Ledger Stax boasts a larger display with a secure touch screen that enhances user-friendliness.
Enhanced User Experience
- Ledger Stax features a secure touch screen for direct interaction with the device’s secure element.
- The wallet includes a Bluetooth chip, allowing users to initiate and validate cryptocurrency transactions from their phones wirelessly.
Ledger Stax Pricing and Security Features
Initially sold for €279 during the pre-order phase, the final retail price of the Ledger Stax will be announced when it becomes available on the Ledger website. In terms of security, all Ledger products store users’ private keys securely on the device, ensuring the safety of assets even if other devices are compromised.
Production Partnership with Foxconn
The release of the Ledger Stax marks a production partnership with Foxconn, expanding Ledger’s manufacturing capabilities. While the Nano S Plus and Nano X will continue to be manufactured in France, the collaboration with Foxconn signifies growth in production.
Ledger’s Impact on the Cryptocurrency Market
With over 6 million devices sold to date, Ledger secures approximately 20% of the world’s cryptocurrency assets. The company experienced a surge in sales following the collapse of FTX in November 2022, as consumers sought self-custody solutions to protect their digital assets.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
