Ledger Launches Distributed, KYC-Based, Cloud Seed Recovery Service Then Quickly Deletes It

- Previous articles state that Ledger Recover service splits a wallet recovery phrase into three encrypted shards and distributes them to three custodians. The service is supposed to cost $9.99 per month.

- “A lot of people say they cannot enter crypto because they can’t manage the recovery phrase. It’s the industry problem. Making that pain point go away will trigger a lot more people to join the space,” Ledger CEO Pascal Gaunthier was quoted as saying.