Crypto wallet provider Ledger has unveiled its second new wallet of the year, the “Ledger Flex.” “Ledger Flex”, like the more expensive Stax wallet which launched in May, incorporates touchscreen technology to “redefine the experience of self-custody,” CEO Pascal Gauthier said in a statement on Friday.
In addition to the new wallet, Ledger also unveiled its new Security Key app. The mobile app offers passkey capabilities as an alternative to conventional passwords. Instead of using a password, the app uses a cryptographic passkey login system. Essentially, it uses a private key stored in the secure element for logging into the service. These keys are tied to the user’s seed phrase that is used to restore access to coins in the event of losing access to the wallet.
Ledger has suffered security issues in the past. One notable event was the 2020 data breach that saw the emails of over 10,000 customers exposed. Since then, the crypto wallet maker has taken security improvement seriously. This is where features like the new security key app come into play.
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The Ledger Flex wallet safely manages your digital assets like BTC, ETH, SOL, and thousands of other coins and NFTs. The wallet features Ledger Live, the companion app for Ledger devices. It is available now on Ledger.com for purchase, priced at $249.00. Compared to other crypto wallets from Ledger, the Ledger Flex wallet is a bit cheaper, but still features the popular additions that come with other crypto wallets.