- The Apple iPod designer has launched the crypto security firm Ledger.
- Ledger Stax will sell for $279 (USD) compared to Nano S Plus for $79 (USD).
The Apple iPod designer Tony Fadell announced that he would introduce a new physical wallet for crypto users to store their crypto assets safely. Users would be able to deposit or exchange different cryptocurrencies, including bitcoin, ether, Cardano and non-fungible tokens (NFTs) into the wallet.
The French designer Tony launched the crypto security firm Ledger at Tuesday’s annual Ledger Op3n event. Tony Fadell called the wallet ‘Ledger Stax,’ which is the size of a credit card. The wallet was designed with magnets to stack multiple devices. The outside cover was designed with an e-link display so the users could easily see the transaction details, including NFTs.
Tony Fadell “Ledger Stax is a product that is the next step in managing and safely storing all digital value. This is what premium crypto security feels like.”
The designer wanted to make Ledger Stax more stylish and functional than the Nano S. As per reports, Ledger Stax can be bought for $279 (USD) while the Nano S Plus will sell for $79 (USD) and the Nano X wallet for $149 (USD).
Fadell said, “many ledger owners have multiple devices, some store their NFTS, some store different crypto, some have multiple because they have different clients that they store for. So you can see what’s on each one, just like an old CD.” Recently Fadell invested in MycoWorksInc, a startup company based in Emeryville in California.
Ledger Stax will be available by mid-2023, and Fadell said that Ledger Stax can be pre-ordered on Ledger.com. Ledger has sold more than five million hardware wallets in nearly 200 countries. Ledger said that it was not affected by the recent FTX collapse. It said, “November was the best sales month ever.”
Notably, Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), stated that FTX Group’s LedgerX was an example of how regulating the crypto sector would protect United States crypto consumers.
Tony Fadell stated, “Ledger is the world’s best security for digital assets. Over 5 million sold and none have been hacked.”
Source: https://www.thecoinrepublic.com/2022/12/08/tony-fadell-designed-a-279-usd-credit-card-sized-device-for-storing-crypto-assets/