Blockchain Lockbox – First Cryptocurrency Hardware Wallet
Blockchain has struck a deal with hardware wallet producer, Ledger, to manufacture a custom hardware device, Blockchain Lockbox, that will allow Blockchain users to manage their online and offline funds through a single familiar interface.
The Blockchain Lockbox, is according to an announcement, a “first-of-its-kind hardware and software” solution. Leveraging the strengths of both companies, the Lockbox will provide Blockchain users with a way to move a portion of their funds offline, further securing them from hacks, while also having the option to leave funds in the firm’s non-custodial web wallet, which can be accessed apart from the hardware device.
Peter Smith, CEO and co-founder 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,”
The device likely utilizes Ledger Nano S hardware, though it features custom Blockchain firmware rather than the standard version. Ledger said deliveries of the device, which is now available for preorder for $99.99, should begin in mid-November.
Pascal Gauthier, president of Ledger.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.”