Monero (XMR) Can Be Stored In Hardware Wallet Ledger Nano S
Popular Cryptocurrency Hardware Wallet Ledger has announced it will support the privacy-oriented Monero (XMR) token on its Nano-S wallet. A press release stated that the wallet was already compatible with the latest version GUI 0.13 of the token.
CEO Eric Larchevêque has mentioned that “with this addition, Ledger devices now cover over 90% of the entire crypto market capitalization”. Larchevêque also announced that more than 1.3 million nano-S units were sold in October.
The French company is one of the oldest manufacturers of hardware wallets in the industry together with Trezor and KeepKey. Like its competitors, Ledger continues to focus on supporting as many of the popular cryptocurrencies as possible, as investment security for investors is becoming an increasingly urgent issue.
Trezor warned earlier this month that counterfeiters have stepped up their efforts to release fake versions of their own devices for sale on the internet.
In the meantime, Ledger announced its expansion into New York this week and the hiring of a former executive of the Intercontinental Exchange to head its institutional project Ledger Vault. Monero is currently ranked 12th among market capitalization cryptocurrencies. The coin trades around $ 61.61, down 2.7% in 24 hours.