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Blockchain launches its first hardware wallet

Crypto software company Blockchain has launched a new hardware device that integrates with its existing online wallet, developed in partnership with crypto hardware security firm Ledger, according to a press release on October 25.

The new device, called “Blockchain Lockbox,” is only compatible with the company’s online Blockchain Wallet, and has been designed to allow users to store all or a portion of their crypto holdings offline, with easy access to their online account. The first batch of shipments will go out in November.

Pascal Gauthier, Ledger president, commented on Blockchain’s move to integrate its non-custodial software with a Ledger-developed hardware storage solution, saying that both firms are “hyper-focused” on security in the crypto space. He further remarked on the preponderance of “crypto hacking” headlines as a context for the firms’ mutual focus on developing more secure solutions.

Users can reportedly either order new Blockchain Lockbox devices or pair their existing Ledger Nano S devices to an online Blockchain Wallet in order to benefit from the added functionality and access to trade.