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Ledger unveiled its Recovery Key, a physical NFC-enabled backup for wallets aimed at simplifying crypto user security without compromising control.
What’s the Scoop?
- Hardware Wallet Upgrade: Ledger introduced a physical 'Recovery Key' compatible with its Stax and Flex devices, enhancing wallet backup options.
- Advanced Security: The NFC-enabled device stores a recovery key in a Secure Element, requiring users to tap it against their wallet and enter a PIN.
- Transparency Commitment: Ledger released the device alongside a whitepaper, emphasizing transparency and user security in response to past controversies.
