The German non-profit, IOTA Foundation announced their partnership with cryptocurrency security giant, Ledger to integrate IOTA tokens with Ledger’s secure hardware wallets.
Ledger’s Nano S hardware wallet is a physical cryptocurrency wallet with a special chip which isolates the wallet and is far safer than online wallets. It allows users to protect their private keys, that gives access to their IOTA tokens away from hackers. The integration with the IOTA Trinity and Romeo Wallets will add another additional layer of security.
Great & exciting news! The Ledger Nano S now supports @iotatoken. The #IOTA application has been developed by the IOTA community and is now available to download on Ledger Live.
Read more about it here: https://t.co/xnqkXOOeIF
— Ledger (@LedgerHQ) November 2, 2018
Eric Larchevêque, CEO at Ledger says –
“Providing the highest level of security and quality is a major focus at both Ledger and IOTA. The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform.”
IOTA meets Ledger:https://t.co/9hdWeOubvN#IOTA @LedgerHQ
— IOTA (@iotatoken) November 2, 2018
David Sønstebø, co-chair and co-founder of IOTA Foundation
“Hardware wallets are regarded as the safest way to store cryptocurrencies. At IOTA, we made a commitment to delivering the safest and most usable standalone cryptocurrency wallet. The Trinity wallet is well on its way to fulfilling that commitment, and today we are proud to announce the next step on the journey. Ledger has earned a strong reputation for security and reliability, and this made it a natural choice for integration with Trinity. We are proud of how our community, the IOTA developers and the Ledger team have worked together to make this possible.”
Blockmanity’s Take
In January of this year, $4Million worth of IOTA tokens were stolen by Hackers. So this is pretty good news for users who need a safe and secure way to store their crypto.
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