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Ledger, a prominent cryptocurrency storage company, has announced a 40% price increase for its Stax hardware wallet and introduced a new, more affordable model, the Ledger Flex.
The Ledger Stax, which features an E Ink display and was designed by iPod inventor Tony Fadell, will now retail for $399, up from its original price of $279. This price adjustment comes just three months after the device began shipping to customers. The Stax, which began shipping in May following its unveiling in December 2022, allows users to secure various cryptocurrencies and non-fungible tokens (NFTs).
Alongside the price increase for the Stax, Ledger is launching the Ledger Flex, a new crypto hardware wallet priced at $249. The Flex features a 2.8-inch E Ink display and is designed to resemble a small smartphone or credit card reader. It is set to be available for purchase immediately.
Pascal Gauthier, Ledger’s CEO, stated that the company’s devices currently secure over 20% of the world’s crypto assets. He emphasized that the new touchscreen devices aim to make self-custody more accessible for both consumers and enterprises.
The Ledger Flex and Stax can store private keys used for crypto transactions and display NFTs. A forthcoming software update will enable two-factor authentication via the devices, allowing users to log into various apps by using near-field communication (NFC) technology.
Ledger’s new devices will be manufactured by Foxconn in Vietnam. The Stax’s launch faced delays due to supplier issues with its curved E Ink display, but these have now been resolved.