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During the pre-order phase, the Ledger Stax was priced at €279. The device is aimed at high-end users, and the final retail price will be announced once it’s back in stock.
After more than a year of anticipation, Ledger has begun shipping its latest Ledger Stax hardware wallets to customers. The Ledger Stax was originally slated for release in March 2023 but faced delays reportedly due to manufacturing challenges.
Ledger’s Chief Experience Officer Ian Rogers stated that the extended development period allowed the team to enhance the operating system, ensuring it is “refined with more features”.
Ledger Stax is the brainchild of Tony Fadell, the visionary behind the iPod, who recognized a crucial need for a device that seamlessly blends ease of use with top-notch security. According to Ian Rogers, Stax addresses three pressing needs in the market – security, usability, and visibility.
At the heart of Ledger Stax lies its secure touchscreen, a first in the industry. This innovative feature ensures that users can trust the information displayed on the screen while signing transactions. Unlike traditional software wallets used on phones or computers, Ledger Stax’s secure screen is powered by the Secure Element chip, guaranteeing protection against potential hacks.
In addition, the new wallet comes with Bluetooth capabilities. Previous models only supported USB-C. This means users can now initiate cryptocurrency transactions from their phones and confirm them wirelessly, directly on their hardware wallets.
Ledger Stax’s design also incorporates magnets, allowing multiple devices to be stacked together conveniently. This feature enhances organization and accessibility for users managing multiple Ledger Stax devices.
Targeting High-End Users
During the pre-order phase, the Ledger Stax was priced at €279. The device is aimed at high-end users, and the final retail price will be announced once it’s back in stock. One cool feature is that the Ledger Stax can display information on the spine of the device even when it’s off, which comes in handy for users with multiple wallets.
Security remains a major priority for Ledger. The wallet stores private keys safely inside the device, so even if a user’s computer or phone gets hacked, their assets stay secure. Ledger also offers a subscription service for extra protection against scams.
Market Impact and Future Prospects
The launch of the Ledger Stax comes with a new partnership announcement. Ledger has teamed up with Foxconn, a leading consumer electronics manufacturer. While the Nano S Plus and Nano X will still be made in Vierzon, France, this partnership with Foxconn means Ledger can make more devices.
Ledger has been a big player in the market, selling over 6 million devices and helping secure about 20% of the world’s crypto assets. After the FTX collapse in November 2022, people rushed to get self-custody solutions, boosting Ledger’s sales.
According to Ledger, the new Ledger Stax is a game-changer in hardware wallets, blending top-notch technology with strong security features to meet the ever-changing needs of cryptocurrency users. Ledger
