December 06, 2022
The creator of the iPod, Tony Fadell, designed a new hardware wallet for people to store their cryptocurrency.
The product, created by French crypto asset security firm Ledger, launched at the company’s annual Ledger Op3n event Tuesday. Its launch comes at a time when trust in centralized crypto platforms is fading as a result of the collapse of Sam Bankman-Fried’s FTX.
It’s called Ledger Stax and resembles a small smartphone or credit card reader. Measuring 85 millimeters long and 54 millimeters wide, it’s roughly the same size as a credit card. It is also about 45 grams, weighing less than an iPhone. Users can deposit or exchange a range of tokens, including bitcoin, ether, cardano, solana and nonfungible tokens, or NFTs.
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Legendary Apple designer lends his touch to new Ledger Stax crypto wallet
“We need a user-friendly — no, a ‘user-delightful’ — tool to bring digital asset security to the rest of us, not just the geeks,” said Fadell.
Crypto’s iPod Moment: Former Apple Designer Takes On Hardware Wallet
Today at the Op3n conference in Paris, Ledger presented the device called Ledger Stax. It enables users to manage cryptocurrencies and non-fungible tokens (NFTs) while retaining full control of the assets with private passwords known as keys.