Yes, I believe this is the same product they where proposing.

If you want to hear their response to criticism and some back and forth I suggest the WBD episode with Ledger CEO - 

I understand what Ledger is trying to accomplish but it has a number of ways it could fail in dramatic fashion.

bitcoin

Launch Oct 24 - Ledger wallet rolls out cloud-based private key recovery tool 

Wumbo

Yes, I believe this is the same product they where proposing.

If you want to hear their response to criticism and some back and forth I suggest the WBD episode with Ledger CEO - https://stacker.news/items/182285  

I understand what Ledger is trying to accomplish but it has a number of ways it could fail in dramatic fashion.
