French cryptocurrency storage company x.com/Ledger” target=”_blank” rel=”noopener”>Ledger has announced a 40% price increase for its Ledger Stax hardware wallet, just three months after its initial launch, and is releasing a new, cheaper version.
The Ledger Stax, which initially launched at $279, will now be available for $399. Designed by iPod inventor Tony Fadell, the device features an e-ink display and has been shipping to customers who pre-ordered the product in May.
Along with this price change, Ledger launched a new, more affordable option, the Ledger Flex. Priced at $249, the Ledger Flex is smaller than the Stax and features a 2.8-inch E Ink display.
Source: LedgerDevice features and upcoming update
Both Ledger Stax and Flex support a variety of cryptocurrencies, including bitcoin ($btc), ethereum ($eth), Cardano ($ADA), and Solana ($SOL), as well as nfts. They allow users to manage private keys, which are crucial for cryptocurrency transactions, and view nfts through their E Ink displays.
A new software update for these devices will introduce two-factor authentication, allowing users to log into various online services using Ledger Flex or Stax, using near-field communication (NFC) technology to facilitate login approvals.
Ledger also offers its own cryptocurrency trading service, called Ledger Live. Ledger Stax and Flex users can link their devices with the Ledger Live app to verify device authenticity, receive the latest OS updates, and install apps.
Community reactions to the launch of the new device
The announcement has been met with criticism from community members, with many users expressing frustration over delays in fulfilling Ledger Stax pre-orders, some of which have been waiting for several months.
Some expressed dissatisfaction with the timing of the new product launch, with some saying the focus should have been on delivering pre-ordered Stax devices before introducing new offerings. These delays were partly due to supplier bottlenecks affecting the device's display.
Since then, the company has been working to resolve supply chain issues in preparation for the recent launch of Ledger Flex, which is now available for purchase starting July 26, with immediate shipping.
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