Ledger Nano S Hardware Wallet To Include Support For Monero (XMR) Cryptocurrency

2018-11-30 00:38

Popular Hardware Wallet Ledger Nano S Will Have Support For Monero (XMR)

Do you want to protect your Monero? If you do, the best alternative is to use a good hardware wallet. Luckily for you. Ledger, one of the largest wallet manufacturers in the world, has announced that its hardware wallet Ledger Nano S will now have the support of Monero (XMR), the most popular privacy coin in the market now. The announcement was made today, November 29.

The French companies follow the trend of Trezor and KeepKey, some of the other two most important companies in this market. The latest version of Ledger Nano S, GUI 0.13, will be released with compatibility with Monero.

Ledger’s CEO, Eric Larcheveque, has commented that now Ledger devices cover 90% of the crypto market by capitalization after being able to store Monero, which makes it one of the best options in the market.

We are thrilled to welcome another top crypto asset to the Ledger platform with @monero . The Ledger Nano S is now compatible with the latest version of the Monero GUI wallet.

Start securing your Monero with a Ledger Nano S!

Read more here: https://t.co/bXSURUydVO#crypto #XMR pic.twitter.com/VhQMg4XKnT

— Ledger (@LedgerHQ) November 29, 2018

The move was necessary as most hardware wallet companies are trying to make important decisions by covering most of the market without losing any time of development to support the bad tokens that will not last after the market crashes that are happening.

Earlier this month, the company has warned users that people were falsifying its hardware wallets and selling them as the real thing on the internet. The company then advised the users to buy directly with them or from licensed stores.

At the moment, Monero is the 12th token in the crypto market by market capitalization and the value of a single XMR token is worth $60.88 USD.

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