Crypto hardware wallet manufacturer Ledger has updated its support of altcoin Monero for its Nano S device

Ledger, one of the most popular cryptocurrency hardware wallets in the market announced on Thursday that it has updated its support for Monero GUI 0.13 for its Ledger Nano S device. This news was made public by Ledger in a blog on Thursday.

The Ledger Nano S hardware wallet is a very secure wallet and it enables users to protect their private keys using state-of-the-art security features. The ledger hardware wallets are very secure and they provide a robust and comprehensive security against hackers.

Speaking about this latest move, Eric Larchevêque, CEO at Ledger said, “With this addition, Ledger devices now cover 90 percent of the entire cryptocurrency market capitalization and we will continue to cover more crypto assets in the future, both with our own developments and crypto Tuesday, our monthly release of apps developed by our incredible community.”

As per the blog, the Monero app is now available for installation on Ledger Nano S through Ledger live. Ledger wallets are built on a robust operating system BOLOS, which is integrated into a secure chip. The chip that is used in Ledger Nano S is EAL5+ and is the same chip that is used for credit cards, banking, and passports.

It is highly secure and is used for securely hosting data and applications in accordance with the rules and guidelines set by pre-authorized people and applications.

Ledger has been in the news of late and in a positive move, it announced on Monday that it has appointed Demetrios Skalkotos to lead global operations for Ledger vault. Skalkotos brings with himself years of experience in the software sector, as well as P&L’s, product development, sales, and marketing.

In another move, Ledger wallet integrated IOTA [MIOTA], the 12th most valuable crypto, earlier this month. The hardware wallet gives IOTA users the freedom to protect their private keys, giving secure access to their tokens through a special chip by isolating the keys from computers and smartphones.

Also read: CEO of crypto firm AriseBank was arrested by the FBI on charges of defrauding hundreds of investors out of over $4 million

Source: https://bcfocus.com/news/hardware-wallet-ledger-nano-s-is-now-compatible-with-monero-xmr/42880/