Blockchain, the cryptocurrency software company, has partnered with hardware wallet maker Ledger on a handheld device called Lockbox. The first batch of shipments will go out in November. A price was not disclosed.

A hardware crypto wallet allows users to keep their holdings and private keys offline to protect them against theft from hacking.

Blockchain CEO and co-founder Peter Smith told CoinDesk Blockchain’s hardware wallet will allow users to make crypto-to-crypto trades through Swap, the brokerage Blockchain is launching next week.

Although the wallet connects to the internet by plugging into a computer, a special key set inside the device will allow it to connect only with legitimate websites, thus deflecting phishing attempts by fake versions of external platforms, Smith added.

The Lockbox will mainly support bitcoin (BTC), ether (ETH) and bitcoin cash (BCH). However, “I think we will be more aggressive on adding assets in the next six months,” Smith said. “In the long run, I see our trading system being both a consumer and a provider” to decentralized exchanges.

ThirtyK Staff
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