Cryptocurrency hardware wallet provider, Ledger, has announced support for altcoin, Monero, making it possible for users to add the coin to their digital asset gallery. The firm said in a press release announcing the addition that it has upgraded the Ledger Nano S wallet to support the latest Monero GUI 0.13.
Ledger CEO Eric Larchevêque said about the latest addition, “We are thrilled to welcome another top-ten cryptocurrency to the Ledger platform with Monero. With this addition, Ledger devices now cover 90% of the entire crypto market capitalization.”
Before now, the Ledger Nano S supported most of the popular cryptocurrencies including Bitcoin, Ether, XRP, Litecoin and other 60+ coins. The newly added digital asset, Monero (XMR) was the 12th largest cryptocurrency by market cap ($1 billion) at press time with a price of $60.57.
Users can now install the Monero Wallets on their Ledger Nano S device by visiting the Ledger Live page accessible from the hardware app.
A Quick Review Of The Ledger Nano S
Ledger Nano S is a highly secure hardware wallet designed by LedgerHQ. The device offers an extra layer of security to your digital assets since it takes your private keys away from the internet and makes you less vulnerable to hackers. Ledger Nano S supports almost all of the top cryptocurrencies you would want to add to your portfolio.
Additionally, the EAL5+ certified secure chip used in Ledger Hardware Wallets is the same one used for banking, credit cards or passports. So there’s very little or no chance that you’ll ever lose your digital assets.
Ledger, alongside Trezor, is among the first to develop hardware wallets for the crypto industry and have done a good job at securing users’ digital asset through the years.
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