Hardware wallet maker Ledger unveiled an NFC-enabled “Recovery Key,” a physical device that serves as a spare key for owners of its crypto wallets, allowing tap-to-recover access if their primary credentials are lost
Hardware wallet maker Ledger unveiled an NFC-enabled “Recovery Key,” a physical device that serves as a spare key for owners of its crypto wallets, allowing tap-to-recover access if their primary credentials are lost.
Chief Technology Officer Charles Guillemet said the gadget complements, rather than replaces, the traditional 24-word Secret Recovery Phrase. Built on Ledger’s Secure Element chip and verified through Secure Screen on the company’s Stax and Flex devices, the backup is designed to balance user convenience with hardware-level security.
The rollout comes amid heightened attention to self-custody practices following a series of hacks and bankruptcies in the digital-asset sector, with Ledger positioning the Recovery Key as a way to lower the technical barrier for safeguarding crypto holdings.
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