Ledger poised to make another grand entry with a new crypto hardware wallet

Ledger, a French cryptocurrency and blockchain startup showed off a latest Bluetooth-enabled crypto hardware wallet, at the Consumer Electronics Show(CES) in Las Vegas. This development was reported by Finder on 07 January.

TechCrunch, also covered this news, stating that a full-fledged mobile app called Ledger Live would be launched and will be available to users on January 28.

According to a Finder review, the Ledger Nano S was one of the world’s best selling cryptocurrency hardware wallet. However, this veteran wallet badly needed an upgrade and Ledger Nano X is the latest entrant which has high hopes rested upon it.

Ledger CEO Eric Larchevêque quoted:

“The fact that we have a mobile application and it works with the Nano X is really the big evolution of the hardware for this lineup.”

Larchevêque emphasized that the connectivity of Ledger Nano X using Bluetooth serves the dual purpose of providing security while still conforming to the form factor of mobile devices. Larchevêque, however, did not reveal the estimated price of the device.

with the nano x, there is a greater outreach with mobile devices.

Finder opined that the date of official app releases for iOS and Android is reported different among news sources. However, the device itself would be available to the general public in March with pre-orders starting shortly.

Going by the specs what we gathered from Ledger’s announcement in CES, Nano X has a bigger screen plus a more streamlined interface on the device. The cool feature that turns heads is that the Nano X packs six times more storage capacity than the older Ledger.

While TechCrunch pointed out a drawback of the Nano S was its ability to store only 18 different types of cryptocurrencies. With the new device, the choice is now manifold, a capacity to store 100 different cryptocurrencies and overall support to 1,100 digital tokens.

Finder intuitively reported that the Nano S is not the first mobile hardware crypto wallet to mesmerize the masses. Released in 2018, CoolWallet S grabbed the first position for pioneer entry. However, Ledger has remained popular due to its accessible price tag.

Larchevêque said with much enthusiasm that with over a million customers, the company truly stands out as a big name in consumer electronics. He wanted to acknowledge that although CES was not oriented towards cryptocurrencies, Ledger has almost become a household device.

We have known Ledger as a versatile device catering to novice and advanced traders seeking to leverage cryptocurrencies. With the imminent entry of a Bluetooth backed device, its admiration would further go on to multiply within the crypto community.