Ledger Nano S Announces Support for Monero (XMR)

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 the Ledger Live platform.

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.”

Even though Monero’s been down in the recent weeks, most investors believe in the value of Monero’s long term strategy.

You can read more about Monero and what its goals are in this post.

Ledger doesn’t stop here

Earlier this month, Ledger also announced support for IOTA. The long-awaited partnership will see IOTA private keys protected within the secure chips of Ledger devices.

Our thoughts

We’ve always been a fan of Ledger and what they’ve been doing. It’s good to see that they’re adding more coins to their lineup. Can’t wait to see what else is coming next.

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Wilson is a 3x Startup Entrepreneur. He is passionate about the cryptocurrency space. You can catch him tweeting about cryptocurrency often @itswilson8 You can also email Wilson directly at wilson@cryptomenow.com

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