- Ledger’s new crypto hardware wallet, the Ledger Stax, is set to launch in May after facing delays over the past year due to technical issues and production bottlenecks.
- The credit card-sized Ledger Stax uses E-ink display technology and was designed by iPod inventor Tony Fadell to provide an intuitive interface for storing, sending, receiving and trading crypto.
- According to Ledger’s CEO, the Stax offers significant usability improvements over existing hardware wallets with its streamlined design, aiming to make self-custody more accessible to mainstream consumers.
Crypto wallet maker Ledger has announced that its new hardware wallet, the Ledger Stax, will finally launch in May after facing months of delays. The Ledger Stax was designed by Tony Fadell, the inventor of the iPod, and aims to make cryptocurrency storage and trading easy and accessible.
Background on the Ledger Stax
The Ledger Stax was first announced in 2022 following the crypto crash caused by FTX’s collapse. The device is credit-card sized and uses E-ink display technology like the Amazon Kindle. This allows users to view their crypto portfolio and track prices. The Stax faced delays over the past year due to issues getting the E-ink display to function smoothly. Production bottlenecks also impacted the rollout.
Ledger CEO Comments on Imminent Launch
According to Pascal Gauthier, CEO of Ledger, the company has overcome the technical challenges related to the E-ink display and is ready to begin shipping the Ledger Stax within two months. Gauthier noted that the Stax’s designer, Tony Fadell, pushed the team to persevere through the setbacks to bring the product to market. Ledger now has robust manufacturing partnerships in place to support the launch.
Overview of the Ledger Stax Features
The Ledger Stax measures 85mm by 54mm, similar in size to a credit card. Weighing just 45 grams, it’s lighter than an iPhone. The Stax allows users to store, send, receive and trade a range of cryptocurrencies including Bitcoin, Ethereum, Cardano, Solana and NFTs. It connects via USB or Bluetooth and includes magnets so multiple devices can be stacked.
How the Stax Improves on Existing Hardware Wallets
According to Gauthier, the Ledger Stax offers significant usability improvements over current crypto hardware wallets. The streamlined design and intuitive E-ink interface aims to make self-custody more accessible to mainstream consumers.
Conclusion
After over a year of anticipation, the Ledger Stax is finally set to launch this May. The new hardware wallet’s innovative design offers crypto investors an easy way to securely manage their digital assets. The launch marks a major milestone for Ledger as it aims to bring cryptocurrency into the mainstream.
