Ledger, a France-based hardware manufacturing company, released a new app this week called Ledger Live that essentially functions as a companion to the Ledger hardware wallet.
The aim of developing this app was to create secure management of cryptocurrency assets, which is accessible to everyone.
Ledger Live [LL] app is designed to be user-friendly wherein users can easily send and receive cryptocurrencies, check their balances at any time, and manage the apps on their Ledger device.
Until now, Ledger hardware wallet owners were reliant on either a third-party solution or Chrome-based management tools in order to manage their cryptocurrencies. The new LL app, however, allows users to set up new Ledger devices by means of simple onboarding, or importing existing accounts into the LL app, making the process time-efficient.
The feature-packed LL app also has a multi-account management functionality. This eliminates the need to use individual apps for different cryptocurrencies. It offers users one wallet that shows them the balances for all the cryptocurrencies they own.
However, they have reported that the first version of Ledger Live will not support features like ERC20, but it will be part of future updates. Ledger plans to add new features on a regular basis.
Kraken and Bitfinex support the app in getting historical pricing information. Users do not require their Ledger device to plug into.
Ledger, having already raised $75 million, aims to make the LL app a long-term cryptocurrency storage solution.
IOTA [MIOTA] Trinity Wallet 0.4.0 “fancy updates”, Redditors say
EOS “should be doing 50,000 transactions per second in a few months”, says Novogratz
Is the XRP Ledger more decentralized than Bitcoin [BTC]?
Will Bitcoin [BTC]’s big break be during the imminent financial meltdown?
Truth data cloud gives users control of their private digital data with GDPR compliant platform
Cryptocurrencies are the ‘future of money’: The United States Congress
Cardano [ADA]’s Charles Hoskinson says “tremendous progress” on Cardano’s scalability
First Bitcoin [BTC] two-way ATM installed, Malta’s digital transformation on the go
Tron heats up TRX, Coinburn of 100 billion tokens completed
‘Expert’ states XRP [XRP] is a security, Ripple adopted a “wrong regulatory approach”
“I would love to see Cardano as the first trillion dollar cryptocurrency”, says Charles Hoskinson
XRP [XRP] to be added by Wirex, speculations of SBI partnership come into play
Bitcoin [BTC] based ETF application could be the first SEC approved file
Tron [TRX] introduces its new Chrome extension, ‘TronLink’