Ledger CEO explains what makes a wallet secure as Ledger Flex launches

Hardware wallet provider Ledger has released a new touchscreen wallet following the introduction of its first touchscreen model, Ledger Stax.

On July 26, Ledger announced that its new Ledger Flex device is now for sale. In a statement sent to Cointelegraph, Ledger CEO Pascal Gauthier said Flex and Stax “mark the new standard for Ledger devices.”

The executive claims that the products retain “the same uncompromising security” but feature a more intuitive interface.

Ledger wallets allow passwordless logins

Gauthier also highlighted that, similar to Stax, the new product features a new interface on an E Ink touchscreen. The executive said their touchscreen devices feature near-field communication (NFC) logins using its Ledger Security Key feature.

Along with the Flex, the company has also launched Ledger Security Key. This feature is available on its Stax and Flex products and can be used for two-factor authentication (2FA). Gauthier said:

“This allows secure, passwordless login to many services using the open FIDO2 standard for passkeys. It can also be used for 2FA.”

Ledger explained that the open Fast IDentity Online (FIDO) 2 specification ensures decentralized access across platforms. FIDO 2 is already compatible with Google, Amazon, Binance and Coinbase. This allows users to tap their Flex or Stax on their phones to log in to supported services or connect via USB to their laptop or PC.

The product costs significantly less than its Stax. Flex is priced at $249, while Stax costs $399. The product will be available at the company’s website and Best Buy stores across the United States.

Ledger CEO explains what makes a wallet secure

According to Gauthier, wallets require three things to be truly secure. These include a secure element chip to generate and store private keys, a secure operating system built on a secure element and a secure screen driven by a secure element. The executive claimed that only Ledger devices “tick all three boxes.”

The executive also claimed that Stax and Flex feature the “only secure touchscreens in the world, where the screen is powered by the secure element chip.” Gauthier said every other touchscreen, including the ones on mobile phones or other hardware wallets, is not secure.