Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed.
Russians Buy More Hardware Crypto Wallets, Market Players Say
Russian crypto users have sought to purchase up to eight times more hardware wallets in March – April 2022 over previous periods, the daily Vedomosti reported, quoting representatives of the Tangem wallet developer, the retail chain M.video-Eldorado, and the Ozon marketplace.
Ledger, which sells wallets resembling a USB stick, and Tangem, whose products are designed to take the space of a bank card, have been the most popular brands among Russian customers, the article details.
M.video-Eldorado started selling crypto wallets in the fall of 2021. It currently offers a single-currency and a multi-currency Tangem and a Ledger. In 2022, the...
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