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Market News

Ledger to Shape new Hardware Wallet with Tony Fadell

In partnership with Tony Fadell, Leger launched an updated version of Nano S known as the Ledger Stax hardware wallet.

Written By:
Richa Bhagat

Last updated: December 7, 2022 10:39 AM
Published December 7, 2022 10:39 AM
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Last updated: December 7, 2022 10:39 AM
Published December 7, 2022 10:39 AM
Ledger to Shape new Hardware Wallet with Tony Fadell

The crypto wallet maker Ledger and Tony Fadell, an iPod creator, inaugurated the Ledger Stax hardware wallet. 

As per Pascal Gauthier, Ledger’s CEO and chairman, Ledger aim to modify the Stax and shape it into a more stylish and functional device than the Nano S.

Ian Rogers, chief experience officer of Ledger, announced, “We wanted to do something that is more fun and fits with where culture is going,”

The wallet highlights its features, it seems like a credit-card device with magnets embedded so that multiple devices can easily be stacked. On the outer side, there is a wraparound e-ink display that can also show transaction details and NFTs.

The Ledger Stack will retail for $279, compared to $79 for the Nano S Plus and $149 for the Nano X Wallet.

The Ledger Stack will now be available for $279, compared to the Nano S Plus’ retail price of $79 and the Nano X Wallet’s $149.

It is the perfect time for Ledger to launch a new hardware wallet as interest in self-custody is growing following the collapse and asset freezes of centralized crypto exchange FTX and other crypto firms.

Rogers said, “We were ready for this moment.” 

Also Read: Ledger Experiences Outage Following FTX Collapse

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Richa Bhagat - Content Editor at The Crypto Times
By Richa Bhagat
She is a full-time journalist who fits in as an Editor at The Crypto Times. She is only now beginning to spread her wings into the Crypto World. To feed her soul, you can find her smashing a DUNK or frolicking in the water. She usually caresses her fingers on Colors and Canvas when she isn't breaking them on the Keyboard. She is profoundly influenced by nature and the ethno-linguistically diverse Indian Subcontinent.

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