Speaking of wallets
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Ledger's Stax hardware wallet is shipping now.
Flashback: We wrote about its cool new e-ink display wallet back in 2022, saying that it should come out in early 2023.
- It did not.
The latest: They aren't available to order yet, but people who pre-ordered them are in the queue for a shipment.
- And Crystal got to see one at Consensus in Austin.
💠Crystal's thought bubble: The TOUCH and feel of this thing is something else. It's excellent. I cannot describe the subtle difference in the tactile, but I can see it having an iPod-level following.
- Stax will be able to handle hundreds of cryptocurrencies as well as NFTs. Balances can be checked with its mobile app.
- If you have more than one Stax, they stick together with magnets in a cute way — Ledger's Ian Rogers demonstrated this for Axios, tossing one against another to make them snap, with a satisfying click, into a neat stack of mini books.
What they're saying: "We expect to open orders for new customers later this summer, once preorders are fulfilled," Phillip Costigan, a Ledger spokesperson, tells Axios.
Worthy of your time: The company made the 20-minute documentary above to help explain why people had to wait so long.
- Basically, they were pushing the boundaries of technology as Ledger had a lot of bad luck with its supply chain.
The big picture: Ledger promises the Stax is much easier to use than hardware wallets seen so far (they are a bit of a pain). So Coinbase is making software wallets easier and Ledger is coming for simpler hardware, too.
- At $300, the price for the Stax is steep, but for some folks that's a pittance compared to how much crypto they own.
