Last December, Pascal Gauthier, the president of crypto hardware wallet maker Ledger, revealed that his company’s sales were not overly impacted by the 2018 bear market, with steady demand driven by new institutions entering the space.
Fast forward a month, and Ledger has made another big reveal: the brand new Bluetooth-enabled Nano X device that’s designed for use with mobile devices.
BREAKING NEWS: We’re excited to announce the next generation hardware wallet: the Ledger Nano X.
Keep your crypto secure, everywhere.
Visit our website for more details: https://t.co/exqQBcpukC
— Ledger (@LedgerHQ) January 7, 2019
According to a recent report by CoinDesk, the Nano X boasts a slightly bigger screen than previous wallet designs and significantly expands beyond the simple storage of private keys. Through the new Bluetooth functionality, the hardware wallet can directly connect with Ledger’s upcoming mobile app, Ledger Live. This integration will ultimately expand the number of use cases for the hardware wallet.
Additionally, the Nano X was designed with higher memory than previous Ledger products, and the company claims it can store apps for up to 100 crypto assets, a six-fold jump over the Nano S.
“We have lots of third-party developers who are developing applications,” Larchevêque told CoinDesk. “We want to make sure that these applications can only sign transactions for their own private key.”
Ledger users can expect the new mobile app to be released on the Apple App Store and Google Play on January 16, but the price and release date for the Nano X have yet to be announced.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.