French cryptocurrency storage company Ledger has announced a 40% price increase on its Ledger Stax hardware wallet (just three months after its initial release) and the launch of a new, cheaper version.
Ledger Stax originally sold for $279 and is now on sale for $399. The device, designed by iPod inventor Tony Fadell and featuring an e-ink display, was shipped to customers who pre-ordered the product in May.
In addition to the price changes, Ledger is also launching a new, more affordable option: the Ledger Flex. The Ledger Flex costs $249, is smaller than the Stax, and has a 2.8-inch e-ink screen.
Source: LedgerDevice features and upcoming updates
Both Ledger Stax and Flex support multiple cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA) and Solana ($SOL), as well as NFTs. They allow users to manage private keys critical to cryptocurrency transactions and view NFTs through e-ink displays.
A new software update for these devices will introduce two-factor authentication, allowing users to log into various online services using Ledger Flex or Stax, and use near field communication (NFC) technology to facilitate login approval.
Ledger also offers its own cryptocurrency 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 reaction to new device releases
The announcement was met with criticism from community members, with many users frustrated by delays in fulfillment of Ledger Stax pre-orders, some of which have been waiting for months.
Some expressed dissatisfaction with the timing of the new product launches, and some said the focus should be on delivering pre-ordered Stax devices before launching new products. These delays are partly due to vendor bottlenecks affecting the device’s screen.
The company has since been working through supply chain issues in preparation for the recent launch of the Ledger Flex, which is now available for sale on July 26 and can be shipped immediately.
