Ledger Announce Support for Cardano (ADA), Potentially Introducing the Token to 1.5 Million Clients
Ledger, the French company in charge of manufacturing the
well-known Ledger Nano S, announced support for ADA, Cardano’s native
token. With this decision, the famous hardware wallet becomes compatible with
all of the TOP 10 cryptos with the most marketcap.
According to a post published in Ledger’s official blog, this is the result of the joint work between Emurgo and Ledger.
Emurgo is the commercial arm of Cardano and is also responsible for the development of Yoroi, a light wallet oriented to resource optimization and security. This light wallet is the one that provides the Ledger-compatible infrastructure that makes this integration possible.
Eric Larchevêque, CEO of Ledger, was quite enthusiastic
about this recent functionality. He pointed out that the team had been looking
forward to achieving this milestone for a while:
“Our integration with Cardano is something the Ledger community has been looking forward to for a long time. We are constantly working to respond to the needs of our customers, so we’re thrilled to officially welcome Cardano to the Ledger platform, offering ADA investors world class security for their crypto assets.”
Nicolas Arqueros, CTO of Emurgo pointed out that the Ledger integration is just the beginning of a series of new announcements that will have a positive impact on the future of Cardano’s ecosystem:
“This is an event people have been looking forward to for the past year. I am especially thrilled to see many teams as together and cooperate on ground-breaking news in the industry. It foreshadows many more exciting commercial developments we have in store for Cardano in 2019,”
ADA on Ledger: A Win-Win Situation
With over 1.5 million clients worldwide, Ledger provides an invaluable growth opportunity for Cardano. The ability to store private keys with the security offered by a hardware wallet is a significant factor for those who value security (Ledger’s strength) and for those who merely want to explore the usability of other cryptos.
Similarly, the integration with Cardano is positive for Ledger because This crypto (the tenth most important by marketcap) introduces Ledger to a previously unreached userbase.
Cardano (ADA) is experiencing a bullish trend. The token went from 0.04$ to almost 0.065$ in March, according to Coinpricewatch