Business

Rebecca Asseh

Blockchain hardware wallet offers crypto-to-crypto trading

Blockchain, one of the oldest software wallet in the crypto industry, has announced its new hardware wallet. Formerly known as Blockchain.info, the crypto wallet company announced its new custom hardware wallet, Blockchain Lockbox on Oct. 25. The Blockchain Lockbox is designed to allow users to store their crypto holdings offline and still have easy access to their online account. The hardware wallet is available for preorder with a $99.99 price tag.

The new Blockchain Lockbox was created by French hardware wallet maker, Ledger, and for now will be only compatible with the company’s online software wallet. Lockbox currently only supports Bitcoin Cash (BCH), as well as BTC and ETH, although the team is considering adding support for more crypto assets.

Peter Smith, CEO and co-founder of Blockchain, explained that the hardware wallet was created to make trading easier with an all-in-one account. Aside from storing fund offline, Lockbox will also be able to facilitate crypto-to-crypto trades through Swap.

Existing Ledger customers can pair their Nano S wallets with the Blockchain wallet, enabling them gain access to the inter-wallet trading feature of Blockchain as well as manage their funds online and offline. Smith explained, “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.”

Information on Ledger’s blog reveals that users can begin to make pre-orders of the Lockbox, and the first batch of shipments is expected to go out in November. Also, customers who place early orders will get a limited edition of the Lockbox (in blue). Ledger president Pascal Gauthier commented on the partnership between Blockchain and Ledger saying, “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.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

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