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Hardware wallet provider Ledger has released a new touchscreen wallet following the introduction of its first touchscreen model, Ledger Stax. On July 26, Ledger announced the sale of the new Ledger Flex device. In a statement, Ledger CEO Pascal Gauthier said that Flex and Stax set the new standard for Ledger devices.
New Step from the Ledger Team
The executive claims that the products maintain the same uncompromising security but have a more intuitive interface. Gauthier also emphasized that the new product, similar to Stax, features a new interface on an E Ink touchscreen. The executive mentioned that their touchscreen devices have near-field communication (NFC) login capability using the Ledger Security Key feature.
The company also launched the Ledger Security Key with Flex. This feature is available in both Stax and Flex products and can be used for two-factor authentication (2FA). Gauthier said:
“This allows secure, passwordless login to many services using the open FIDO2 standard for keys. It can also be used for 2FA.”
Ledger explained that the open Fast IDentity Online (FIDO) 2 specification guarantees decentralized access across platforms. FIDO 2 is already compatible with Google, Amazon, Binance, and Coinbase. This allows users to tap their Flex or Stax on their phones to log in to supported services or connect to their laptops or PCs via USB.
The product is significantly cheaper than Stax. While Flex is priced at $249, Stax is priced at $399. The product will be available on the company’s website and in Best Buy stores across the United States.
Details on the Subject
According to Gauthier, wallets need three things to be truly secure. These include a secure element chip to generate and store private keys, a secure operating system built on a secure element, and a secure display managed by a secure element. The executive claimed that only Ledger devices check all three boxes.
The executive also claimed that Stax and Flex have the only secure touchscreens in the world supported by a secure element chip. Gauthier said that all other touchscreens, including those on mobile phones or other hardware wallets, are not secure.
