Pascal Gauthier, CEO of hardware wallet provider Ledger, recently highlighted what makes a digital wallet truly secure as the company unveiled its latest product, the Ledger Flex.
This launch follows the introduction of Ledger’s first touchscreen wallet, the Ledger Stax.
On July 26, Ledger announced that the Ledger Flex is now available for purchase. Gauthier emphasized that both the Flex and the Stax represent a new standard in Ledger’s product lineup, combining top-tier security with user-friendly interfaces.
One key feature of the new Ledger devices is their touchscreen functionality.
Gauthier pointed out that the touchscreens on the Flex and Stax are the only ones in the world that are secure, a claim he supports by noting that these screens are powered by secure element chips.
In contrast, he mentioned that touchscreens on mobile phones and other devices do not meet this security standard.
The Ledger Flex and Stax devices also feature near-field communication (NFC) logins through the Ledger Security Key, allowing for passwordless access and two-factor authentication (2FA).
This uses the FIDO2 standard, which ensures decentralized and secure logins across multiple platforms, including Google, Amazon, Binance, and Coinbase.
The Ledger Flex is priced at $249, significantly less than the $399 Stax, and is available through Ledger’s website and Best Buy stores in the United States.
According to Gauthier, a truly secure wallet needs three essential components: a secure element chip for generating and storing private keys, a secure operating system built on this chip, and a secure screen powered by the same secure element. He asserts that Ledger’s products are the only ones that meet all these criteria, ensuring maximum security for users.
