• Wed, 20 Mar 2019, 03:17 AM
  • All times are UTC
  • Edition:
    International
Link copied

IOTA Foundation collaborates with crypto wallet provider Ledger

(Photo: Business Wire

Fri, 02 Nov 2018, 10:13 am UTC

IOTA Foundation, a non-profit foundation supporting the development and standardization of new distributed ledger technologies (DLT), is collaborating with Ledger to integrate IOTA tokens with Ledger’s crypto hardware wallets.

With this collaboration, the Ledger hardware wallets will integrate with the IOTA Trinity and Romeo Wallets and enable IOTA token holders to isolate their tokens from their computer or smartphone. The Ledger Nano S hardware wallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip.

According to the official release, users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol.

David Sønstebø, co-chair and co-founder of IOTA Foundation, said that 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,” he said. “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.”

Founded in 2014, Ledger is a crypto wallet startup backed by Draper Esprit, Digital Currency Group and a roster of other prominent investors. The company recently announced its expansion to Hong Kong and the appointment of Benjamin Soong as the Head of Asia Pacific (APAC).

“Providing the highest level of security and quality is a major focus at both Ledger and IOTA,” said Eric Larchevêque, CEO at Ledger. “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.”

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,037.73 (-0.16%)
  • Ethereum (ETH) $139.10 (-0.64%)
  • XRP (XRP) $0.316200 (-0.49%)
  • Litecoin (LTC) $59.55 (-1.68%)
  • EOS (EOS) $3.74 (-0.47%)
  • Bitcoin (BTC) $4,037.73 (-0.16%)
Mar 19, 2019 (Tuesday)
11:32
Crypto wallet Ledger Nano S receives CSPN certification from French cybersecurity agency
10:43
CoinMarketCap adds Flipside’s Fundamental Crypto Asset Score to its platform
09:55
Crypto exchange Bithumb plans to lay off 50 pct of employees
08:55
Japan to implement new rules for cryptocurrency margin trading
07:08
U.S. National Pork Board partners with ripe.io to pilot blockchain technology
06:11
IBM seeks to transform cross-border payments with Blockchain World Wire
05:08
Sri Lanka-based Hatton National Bank partners with Infosys Finacle to pilot blockchain-based trade finance network
04:20
Blockchain information platform CoinNess closes Series A funding
03:44
Samsung SDS unveils ‘Deliver’ – a platform connecting different blockchain platforms
Mar 18, 2019 (Monday)
11:26
German crypto startup Donut secures $1.8M in seed round
10:46
Italian asset management firm AcomeA trials blockchain technology for distribution of funds
09:44
American Bar Association publishes white paper on cryptocurrencies and digitized assets
09:05
XRP, Ether, TRON and others among 58 cryptocurrencies included in ICE’s data feed
07:09
South Korean government seeks 30 people for Blockchain National Participation Evaluation Team
06:19
Former Mozilla executive joins Stellar Development Foundation as Executive Director and CEO
05:57
Blockchain Life 2019 comes to Singapore for its third international edition
05:12
Australian government to develop national blockchain strategy
04:14
U.S. SEC to host DLT and digital asset-focused public forum in May
03:48
Canadian regulators seek to introduce regulatory framework for crypto-asset trading platforms
Mar 15, 2019 (Friday)
11:26
Crypto investment firm Paradigm leads Tendermint’s $9M Series A round
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft