Ledger Rolls Out New Cheaper Wallet, Raises Stax Price

French company Ledger has launched a new crypto wallet called the Ledger Flex. This cheaper device comes with an E-ink display, allowing users to secure various crypto assets. It's priced at $249, making it more affordable than the previously released Ledger Stax. The Stax, known for its iPod-like design, has seen a price increase of 40% to $399 just three months after its initial release. The price hike might come as a surprise to customers who expected the original price of $279 to remain stable. The Ledger Flex is smaller and has a 2.8-inch display, designed to look like a small smartphone or credit card reader. Both the Stax and Flex can handle various tokens, including Bitcoin and Ether, as well as NFTs. These wallets are used by customers to store their private keys and view NFTs.

A new software update will enable users to use these wallets for two-factor authentication, offering an added layer of security for logging into apps like Google, Amazon, Coinbase, and Binance. This feature is a move to make crypto more accessible to a broader audience, including those wary of centralized services. Ledger also offers its own crypto trading service, Ledger Live, which users can pair with the new wallets to manage device updates and apps. The launch of the Stax was delayed due to supply chain issues, particularly with the E Ink display. Both the Stax and Flex are manufactured by Foxconn in Vietnam.

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