Ledger Makes New Hardware Wallet For Blockchain

By Rishma Banerjee

Blockchain which promises to be the “world’s most trusted all-in-one crypto company” on 25th October, announced that they would be launching a new custom hardware wallet called Blockchain Lockbox, strictly for use by Blockchain Wallet, a crypto hardware wallet by a French company, Ledger.

The wallet is supposed to be simple to use with a locked endpoint, which makes it more secure by preventing phishing and spoofing attacks. It takes a few moments to due to their custom hardware-software integration to be set up successfully. There’s no need on plugging in the device to check balances and receive transactions as it is available on mobile and web.

Ledger, spoke about this partnership on Twitter and later a post was updated on Ledger’s official blog, which provided the following details:

 

“Blockchain Lockbox will allow Blockchain users to seamlessly and securely store crypto assets offline through a first-of-its kind integration of cryptocurrency hardware and software.
The Lockbox offers Blockchain’s nearly 30 million users a tailored end-to-end solution that harnesses Blockchain’s innovative non-custodial software along with Ledger’s expertise in hardware security.
The Blockchain Lockbox, which is a customized Ledger Nano S hardware wallet, can be pre-ordered from today (with deliveries expected to take place around mid-November).
Early orders will get a limited edition of the Lockbox (in blue).
Existing Ledger customers will be able to pair their Nano S devices to the Blockchain Wallet and benefit from the added functionality and ability to trade.”

Peter Smith, co-founder and CEO of Blockchain, said:

“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.”

Pascal Gauthier, President of Ledger, said that security for all their users, clients and stakeholders, in the crypto space is the most critical aspect of the entire project. To that effect, he added,

“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.”