Ledger to Incorporate SWFT-Based Atomic Swaps in Ledger Live App October 8, 2019 October 8, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 8, 2019 by Kelly Cromley

Ledger to Incorporate SWFT-Based Atomic Swaps in Ledger Live App

Ledger, manufacturer of hardware wallet, intends to incorporate cryptocurrency atomic swaps, facilitated by cross-blockchain transfer covenant SWFT, into its other app Ledger Live. In this regard, the crypto focused company issued the following statement:

“wallets with SWFT Blockchain integration allow their users to swap currencies without having to leave the app or worry about addresses.”

So far, no time frame has been set for the introduction of the new ‘Ledger Live’ feature. SWFT Blockchain founder and CEO Ramble Lan expects the demand for such facilities to increase sharply in the future:

“As the cryptocurrency market moves from speculation to real-world use, the need to swap between currencies will grow. […] At SWFT Blockchain, we believe swaps and payments are the next big thing and we are confident our tools will help companies like Ledger adapt to this new demand.”

Ledger has stated that SWFT will utilize its multi validation governance framework service Ledger Vault. The company’s press release states that “assets managed by SWFT Blockchain will be secure both at rest and in transit, creating a secure liquidity platform for SWFT Blockchain and its users.”

Global head of Ledger Vault, Demetrios Skalkotos, added:

“We’re giving SWFT Blockchain the peace of mind that their assets are secure while ensuring their customers have instant access to funds in a secure manner. SWFT Blockchain is sending a clear message to their community that they do not compromise when it comes to security.”

SWFT also steers SWFT Pay, “an instant exchange and payment aggregation platform with access to all major cryptocurrencies’ payment avenues with 99.99% system availability.”

The service permits users to “swap around 200 cryptocurrencies and pay with more than 100 different cryptocurrencies.”

It can be remembered that P2P (peer-to-peer) cryptocurrency solutions venture Liquality has introduced its platform for cross-chain atomic swaps between Bitcoin (BTC), stablecoin Dai (DAI) and Ether (ETH) on the mainnet.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.