Why The Ledger Stax Could Be A Killer App For Crypto

[ad_1]

This week, cryptocurrency cold storage wallet manufacturer Ledger, known for its Nano S and Nano X crypto wallets, revealed its new Ledger Stax product, complete with an “E-Ink” touchscreen.

In the wake of the FTX fallout and millions of dollars worth of digital assets now locked away due to third-parties, cold storage is a more important topic than ever before. Here is why that reason and many more could make the Ledger Stax a killer app for the crypto industry.

Ledger Drops New Cold Storage Wallet

The Ledger Stax is now available for pre-order for a price tag of $279, with estimated free delivery expected around March 2023. It’s the latest design to join the Ledger Nano X and S devices that have become a staple for cold storage in the community.

Ledger stores your private keys securely on the device for uncompromising security, locked away by a passphrase you must remember, write down, or otherwise keep safe.

Stax sets itself apart from other Ledger products by including an “E-Ink” touchscreen that is customizable with an NFT or personalizable with a photo displayed on the lock screen – whether the device is on or off.

It also features bluetooth and wireless charging technology, and is “no thicker than a stack of five credit cards,” making it something you’ll want to take with you.

Why The Ledger Stax Could Be Crypto’s Killer App

Motorola first introduced the handheld mobile phone in the 1970s. Even as late as the 1990s as the internet was catching trend, mobile phones were more like giant rectangular boxes with antenna much larger than your face.

It wasn’t until Apple introduced the iPhone with its touchscreen that made mobile phones something everyone in the world had to have in their pocket. Form factor was essential to early success, but it was the user-friendliness of touch and the visual appeal of the screen that made the smartphone a revolutionary product.

The all-new Ledger Stax is the first step toward making a crypto wallet more appealing, more functional, and something you want to carry around or interact with. It’s also one of the first ways to show off NFTs in the physical world beyond your mobile phone or desktop.

But most importantly, the touchscreen again makes the device as user-friendly as the smartphone. Following several cryptocurrency companies going bankrupt and the rampant hacks throughout DeFi, asset security is a hot topic. New cryptocurrency users intimidated by using a USB-like device could find comfort in using something much more familiar feeling in the hand – becoming one of the first killer apps that crypto users absolutely must have.

Featured image from Ledger, Charts from TradingView.com

[ad_2]
#Ledger #Stax #Killer #App #Crypto

mrB

Related Posts

South Korea to examine crypto staking services following the Kraken case

[ad_1] As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to…

Elon Musk Hints At New Twitter CEO At End-2023, Causes FLOKI To Skyrocket 45%

[ad_1] Elon Musk announced in December of last year that he will step down as CEO of Twitter once a replacement is found, but will continue to…

Bitcoin eyeing ‘next big move’ which could see $19K retest — analyst

[ad_1] Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says. In Twitter comments on Feb. 15, popular trader…

Messari Analyst Reveals Why Polygon Is Set For Steady Growth

[ad_1] Through his tweet today, Messari analyst Tom Dunleavy singled out Polygon as a top-performing crypto asset and further described traits that set the cryptocurrency for further…

Sequoia Capital, Paradigm among VCs facing ‘tricky’ FTX investor lawsuit

[ad_1] Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the…

Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

[ad_1] A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to…

Leave a Reply

Your email address will not be published. Required fields are marked *