French cryptocurrency storage company Ledger has announced a 40% price increase for its Ledger Stax hardware wallet—just three months after its initial release—and launches a new cheaper version.
The Ledger Stax, which was initially launched at $279, will now be available for $399. This device, designed by Tony Fadell, the iPod inventor, features an E Ink display and has been shipping to customers who pre-ordered the product in May.
Alongside this price change, Ledger launched a new, more affordable option, the Ledger Flex. Priced at $249, the Ledger Flex is smaller than the Stax and includes a 2.8-inch E Ink screen.
Device Features and Forthcoming Update
Both the Ledger Stax and Flex support a variety of cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA), and Solana ($SOL), as well as NFTs. They allow users to manage private keys, which are crucial for cryptocurrency transactions, and view NFTs through their E Ink displays.
A new software update for these devices will introduce two-factor authentication, enabling users to log into various online services by using the Ledger Flex or Stax, using near-field communication (NFC) technology to facilitate login approvals.
Ledger also offers its own crypto trading service, called Ledger Live. Ledger Stax and Flex users can pair their devices with the Ledger Live app to check device authenticity, receive the latest operating system updates, and install apps.
Community Reactions Over New Device Launch
The announcement has received criticism from community members, with many users voicing frustration over delays in fulfilling preorders for the Ledger Stax, some of whom have been waiting for several months.
Some expressed their discontent about the timing of the new product launch, with some saying that the focus should have been on delivering preordered Stax devices before introducing new offerings. These delays were partly due to supplier bottlenecks affecting the device’s screen.
The company has since been working to resolve supply chain issues in preparation for the recent launch of the Ledger Flex which are now available for purchase starting July 26, with immediate shipping.
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