Crypto Wallet Provider Ledger Introduces Bluetooth Hardware Wallet Nano X

Announcements, News | January 7, 2019 By:

Crypto wallet provider Ledger has introduced a bluetooth-enabled wallet called the Ledger Nano X.

Announced on Sunday at the latest Consumer Electronics Show (CES) in Las Vegas, the Ledger Nano X is similar to the previous Nano S hardware wallet, which offers internal support for multiple cryptocurrency wallets and types of coins. The bluetooth feature on the Nano X allows mobile phones to connect and communicate with mobile devices via the new Ledger Live app.

The new device will have a larger screen and a lot more memory, making it a more attractive platform for third-party app developers. Ledger CEO Eric Larchevêque said that the Nano X can store the apps for up to 100 cryptocurrencies, a six-fold increase over the Nano S.

“We want to make sure that these applications can only sign transactions for their own private key,” Larchevêque said.

Larchevêque added that the Nano S, which currently sells for $69.99, will fall in price after the Nano X is released. The Ledger Nano X will cost $119 when it becomes available in March. The Ledger Live mobile app is expected to go live on January 28 in the iOS App Store and Google Play Store.

In November 2018, Ledger opened an office in New York in order to expand its presence in the United States. The office is the headquarter for the business operation of Ledger Vault, a self-custody solution for managing crypto assets that uses multi-autorizations, which will serve as a business security option for financial institutions.