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COINTURK NEWS > Cryptocurrency Security > Ledger Introduces New Touchscreen Wallet
Cryptocurrency Security

Ledger Introduces New Touchscreen Wallet

In Brief

  • Ledger released a new touchscreen wallet called Ledger Flex.

  • Flex and Stax set a new standard for Ledger devices.

  • Flex is priced at $249, cheaper than Stax at $399.

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COINTURK NEWS 10 months ago
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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.

Contents
New Step from the Ledger TeamDetails on the Subject

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.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 26 July, 2024 - 8:37 pm 26 July, 2024 - 8:37 pm
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