Blockchain Announces Lockbox, a Hardware Wallet Developed in Partnership with Ledger

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MILAN, ITALY- FEBRUARY 2 Ledger hardware wallet for cryptocurrency with bitcoin selection on display on February 2, 2018 in Milan

Leading software provider for digital currencies, Blockchain has launched a new custom hardware device called Blockchain Lockbox, built in partnership with hardware wallet maker Ledger. The device will be compatible exclusively with the Blockchain Wallet and will allow simple and secure storage of crypto assets offline.

First of Its Kind Hardware and Software Integration

The new Blockchain Lockbox device will only be compatible with the Blockchain Wallet. It is a first-of-its-kind integration of a software and hardware wallet. The device will offer 30 million users of Blockchain secure, cold storage powered by Ledger’s hardware excellence.

Cold storage refers to a way of storing cryptocurrencies offline, especially when using a secure hardware device. It is considered the safest method of storing cryptocurrencies as it prevents breaches and hacks seen on online ‘hot’ wallets. Ledger is one of the top hardware wallet makers in the world.

Ledger’s security could be vital to providing Blockchain customers added protection, as acknowledged by the co-founder and CEO of Blockchain, Peter Smith. He 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.”

Ledger’s Security in a Unique Wallet

The security of a cold hardware wallet like Ledger could be crucial in protecting the cryptocurrency holdings of users from prying eyes. Pascal Gauthier, President of Ledger, emphasized the importance of security for crypto holders.

He said:

“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. 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.”

The Blockchain Lockbox device is available by pre-order which started on October 25. Deliveries for the same will begin in mid-November. Customers who register early will receive the special edition blue version of the Lockbox. Those who already own the Ledger Nano S device will be able to integrate it with the Blockchain Wallet as well.

Blockchain Announces Lockbox, a Hardware Wallet Developed in Partnership with Ledger was originally found on [blokt] – Blockchain, Bitcoin & copy trading cryptocurrency.