French startup Ledger unveiled its new hardware wallet to manage your cryptocurrencies. The Ledger Nano X is a Bluetooth-enabled wallet, which means that you’ll be able to send and receive tokens from your phone.
The previous version of the device required you to plug the key to your computer using a microUSB cable in order to execute an order. Switching to Bluetooth and opening it up to smartphones is the next logical step.
Ledger is going to launch a full-fledged mobile app called Ledger Live. You’ll find the same features as the ones in the desktop app. You’ll be able to install new apps, check your balances and manage transactions.
The app will be available on January 28th and existing Ledger users will be able to check their balances in read-only mode thanks to public addresses (in case you’re not using Spot). Ledger has sold 1.5 million Ledger Nano S so far. And it sounds like other companies will be able to build mobile apps that work with your Nano X.
In October, major technology company Sony had announced that it had created a contactless crypto hardware wallet that utilized IC smart technology. While the product’s release date is not yet known, Sony noted that the device would be able to manage private keys for storing private information on the blockchain as well as managing crypto holdings.
Over the summer, Ledger reported that they had sold more than 1 million wallets in 2017, attracting larger tech investors like Samsung, Google’s venture arm GV and Siemens. The company has also opened a Hong Kong office in the end of October.
The Nano X looks more or less like the Nano S. It’s a USB key-shaped device with a screen and a couple of buttons. The screen is now slightly bigger.
One of the main issues with the Nano S is that you were limited to 18 different cryptocurrencies. You can now store up to 100 different crypto assets on the Nano X — the device supports 1,100 different tokens overall.
Just like other Ledger devices, the private keys never leave your Ledger wallet. It means that even if your computer or mobile phone get hacked, hackers won’t be able to grab your crypto assets.
The company is presenting the new device at CES.
Ledger CEO Eric Larchevêque acknowledged that his company has left the blockchain bubble with this appearance, but he points out that Ledger has gotten into the hands of too many users at this point to still be viewed as a niche device.
“It’s true that CES is not a crypto show. When you have more than a million customers you are really in consumer electronics.”
CES seems to have welcomed the French company into the broader world of consumer electronics. According to a press release from Ledger, CES awarded the Nano X with its 2019 “Innovation Award in Cyber Security and Personal Privacy.”