Ledger Nano S Announces Support for Monero's (XMR) Latest Version
Cryptocurrency hardware wallet Ledger Nano S is now compatible with Monero’s GUI 0.13 release.
Cryptocurrency hardware wallet provider Ledger has updated its support for Monero (XMR). The company said in a blog post on Thursday that its Ledger Nano S device is already compatible with the token’s latest GUI 0.13 version.
The Monero app is now available for installation on Ledger Nano S through Ledger live. CEO Eric Larchevêque commented on the move:
“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. We will continue to support more crypto assets in the future, both through our own developments and with CryptoTuesday, our monthly release of apps developed by our incredible community.”
Monero is currently the 12th largest cryptocurrency by market capitalization, according to CoinMarketCap data. At the time of writing, the coin was trading at $59.99, over 7% down in the past 24 hours. The drop was in line with the general market trend.
Earlier this month, Ledger also announced support for IOTA (MIOTA), the 13th most valuable crypto. The long-awaited partnership will see IOTA private keys protected within the secure chips of Ledger devices.
Ledger wallets are built with a distinctive operating system (OS) called BOLOS, which is integrated into secure chip EAL5+ — the same one used for banking, credit cards or passports. Marking the devices’ success, Larchevêque revealed last month that the company had already sold over 1.3 million Nano S units worldwide.
“With a series of high profile hacks on major crypto exchange platforms as well as a constant stream of headlines around individual crypto attacks, it’s more evident than ever before that security must be top of mind for every crypto investor no matter how large or small their assets,” the CEO said at the time.