Ledger Hardware Wallet Adds IOTA Token Support
The own token of the German crypto project IOTA Foundation is being integrated into Ledger hardware wallets, according to a press release dated October 2.
The IOTA Foundation is a non-profit organization dedicated to standardizing and improving the IOTA ecosystem for commercial distribution. As of November 2017, the organization had $ 255 million in tokens as fund assets, $ 22 million in ecosystem development fund assets and $ 20 million in assets received from the crowdsale.
After integrating IOTA’s Trinity and Romeo wallets with the Ledger Nano S, the hardware wallet will provide users with an extra layer of protection for cryptocurrency private keys. In addition, users will be able to use Ledger wallets to validate transactions using the IOTA token..
“Hardware wallets are considered the safest method of storing cryptocurrencies. IOTA is committed to providing its users with the safest and most functional standalone cryptocurrency wallet. The Trinity wallet does this well, and today we are delighted to announce the next step along the way, ”said IOTA Foundation Co-Founder David Senstebø.
Earlier this year, Norway’s largest bank Den Norske Bank expressed interest in IOTA technology. Also recently it became known about the intention of Ledger to expand support for stablecoins..
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