Ledger has sought to make Monero storage simpler for its users over various implementations.
The French company, which along with Trezor and KeepKey is one of the oldest hardware wallet manufacturers in the industry, said the Nano S was already compatible with Monero’s latest GUI 0.13 release.
“We are thrilled to welcome another top-ten cryptocurrency to the Ledger platform with Monero,” CEO Eric Larchevêque commented, adding:
“With this addition, Ledger devices now cover 90% of the entire crypto market capitalization.”
Like its competitors, Ledger continues to focus on supporting as many of the popular cryptocurrencies as possible, as security of holdings becomes an ever more pressing issue for investors.
Earlier this month, Trezor issued a warning that counterfeiters had stepped up efforts to release fake versions of its own devices for sale on the internet.
In October, Larchevêque revealed Ledger had sold over 1.3 million Nano S units.
Monero is currently ranked 12th among cryptocurrencies by market capitalization. The coin is trading around $60.88, down just under 1 percent on the day to press time.
Source: Cointelegraph https://cointelegraph.com/