Blockchain, Ledger Release ‘Blockchain Lockbox,’ Cryptocurrency Hardware Wallet

Blockchain

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Cryptocurrency web wallet company Blockchain has actually struck a handle hardware wallet manufacturer Ledger to make a custom-made hardware gadget that will permit Blockchain users to flawlessly handle their online and offline funds through a single familiar user interface.

Unveiled on Thursday, the Blockchain Lockbox, is, according to a statement, a “first-of-its-kind hardware and software” service. Leveraging the strengths of both business, the Lockbox will supply Blockchain users with a method to move a part of their funds offline, more protecting them from hacks, while likewise having the choice to leave funds in the company’s non-custodial web wallet, which can be accessed apart from the hardware gadget.

“The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,” stated Peter Smith, CEO and co-founder of Blockchain.

blockchain lockbox cryptocurrency wallet
Source: Blockchain/Ledger

The gadget appears to use Ledger Nano S hardware, though it includes customized Blockchain firmware instead of the basic variation. Ledger stated that shipment of the gadget, which is now readily available for preorder for $9999, ought to start in mid-November

“With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space,” included Pascal Gauthier, president ofLedger “With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds. Our partnership with Blockchain is the first of its kind, but as two companies hyper-focused on crypto security, it’s one that’s a natural fit.”

Notably, the statement stated that existing Ledger clients will have the choice to combine their Nano S wallets to the Blockchain wallet, offering them with the capabilities to handle their online and offline funds together in addition to gain access to Blockchain’s inter-wallet trading function.

Trezor, another big cryptocurrency hardware wallet producer, just recently upgraded its wallet management user interface to permit users to trade in between cryptocurrencies by means of brokerage services ShapeShift and Changelly.

However, both Ledger and Trezor might quickly deal with a stiff obstacle from electronic devices huge Sony, who, as reported, today revealed a cryptocurrency hardware wallet system that it stated it prepares to “commercialize” in the future. Sony’s wallet, which is the size of a charge card, utilizes contactless IC innovation to keep personal secrets offline while permitting users to quickly sign deals from NFC-enabled mobile phones.

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