- Ledger’s competitors are ramping up their efforts to nab Ledger’s previous customers.
- Bitcoin-only wallet Blockstream Jade is offering 10% off, while Trezor wallets are on a 15% discount.
- Ledger’s social media team appears to be mum since May 18.
In the wake of hardware wallet maker Ledger’s public relations disaster, more cryptocurrency investors are abandoning their crypto wallets in favor of other alternatives.
As expected, the leading option is Trezor, which has long been Ledger’s top competition. However, other alternative wallet makers are ramping up their efforts to nab Ledger’s previous customers.
One alternative is Jade, Blockstream’s own Bitcoin (BTC) wallet. Similar to Ledger, Blockstream Jade is also a hardware crypto wallet, although it only supports BTC. Many Bitcoin investors are now flocking to Jade.
Other popular hardware wallet companies are also offering discounts to take over the market. For instance, Trezor has offered a 15% discount until today, May 21, while Blockstream Jade and BitBox wallets are cheaper by 10%.
In addition, all other hardware wallet manufacturers are emphasizing their open-source framework.
It is safe to assume that this is so that the Ledger FUD may not spread to their customers. For context, Ledger is not open source, which is why the hardware wallet maker required trust from customers. This is the issue that Ledger is facing, aside from the recent Ledger Recover debacle.
Ledger has yet to reveal its next plan, whether to continue with Ledger Recover or not. Since May 18, Ledger has been mum on Twitter, which others have jokingly interpreted as the social media staff has been fired for their fiasco of a now-deleted tweet saying that the hardware wallet creator can indeed deploy firmware and extract its customer’s private keys.
Read Also :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://cryptonewsland.com/blockstream-jades-popularity-increases-as-investors-are-ditching-ledger/
