Hardware wallet provider Ledger has announced the launch of its latest touchscreen wallet, Ledger Flex. This follows the introduction of their first touchscreen model, Ledger Stax. On July 26, Ledger disclosed that the new Flex device is now available for purchase. CEO Pascal Gauthier emphasized that both Flex and Stax represent the new benchmark for Ledger products.
What Does the New Ledger Offer?
According to Gauthier, these devices maintain the company’s stringent security features while offering a more user-friendly interface. The new product, like the Stax, incorporates an E Ink touchscreen and supports near-field communication (NFC) login via the Ledger Security Key feature. Gauthier highlighted that this advancement aligns with their commitment to providing highly secure yet intuitive user experiences.
How Secure is the Ledger Flex?
The release of Flex also includes the Ledger Security Key feature, which is available for both Stax and Flex models and can be used for two-factor authentication (2FA). Gauthier stated that this allows for secure, passwordless logins to various services using the open FIDO2 standard, enabling decentralized access across platforms such as Google, Amazon, Binance, and Coinbase.
User Advantages
– Flex is priced at $249, significantly cheaper than the $399 Stax.
– Offers secure element chip for generating and storing private keys.
– Compatible with multiple platforms for decentralized access.
– Available both online and at Best Buy stores in the U.S.
According to Gauthier, a truly secure wallet needs a secure element chip, a secure operating system, and a secure display—all managed by the secure element. He asserted that only Ledger devices fulfill all these criteria, distinguishing them from other hardware wallets.
The company claims that Stax and Flex are the only wallets with secure touchscreens supported by a secure element chip, a feature that is not available on mobile phones or other hardware wallets.