The popular hardware wallet manufacturer Ledger released a new wallet. The Nano X product was released at the annual Consumer Electronics Show (CES) in Las Vegas. Now, this hardware wallet will have Bluetooth connection and it will be linked to other devices.

Ledger Releases a New Wallet with Bluetooth Connectivity

With this update, Ledger Nano X users will be able to connect their devices with smartphones and other devices. This is a very big advantage compared to the Ledger Nano S. The older model did not have Bluetooth functionality and users complained about this thing.

Ledger CEO Eric Larchevêque commented about the newly released Nano X:

“The fact that we have a mobile application and it works with the Nano X is really the big evolution of the hardware for this lineup.”

Using the Nano X, users can securely store their private keys and process transactions with another device. According to Ledger, they have sold more than 1.3 million Nano S devices. With the latest release of the Nano S, the price of the older model dropped down to 59€.

Some of the other features include a larger screen and new applications that will be available for both Google Play and iTunes. Furthermore, it has more memory, allowing third-party applications and companies to develop new services on top of it. Additionally, the Nano X will allow users to store up to 100 different digital currencies compared to the Ledger Nano S.

“We have lots of third-party developers who are developing applications,” commented Larchevêque. “We want to make sure that these applications can only sign transactions for their own private key.”

Larchevêque explained that although the CES is not a crypto conference or show, the appearance is very important. He stated that the company has sold millions of devices and that Ledger cannot be viewed just as a nice device. The CES has also awarded the Nano X with the Innovation Award in Cyber Security and Personal Privacy.

Users’ funds are usually threatened by hackers and attackers. Everyone says that investors should always hold their private keys and their assets in cold storage wallets. Using hot storage platforms funds are in constant danger. For example, exchanges are hacked every single year resulting in the loss of millions of dollars in virtual currencies.

Ledger Nano X is an innovative product with enhanced security, better screen and the best user experience provided by Ledger.

Image Provided by The Verge

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