Introducing Nano X, Ledger’s Bluetooth-Ready Mobile Crypto Wallet

Crypto wallet company Ledger has moved into the mobile space revealing their new, Bluetooth capable Nano X device yesterday at the yearly Consumer Electronics Show (CES) in Las Vegas.

The addition of Bluetooth gives the Nano X the ability to be readily used with mobile devices, a missing feature from the company’s current wallet, the Ledger S. Most people in the world primarily use mobile devices with many never or very rarely making use of desktop or laptops.

Ledger CEO Eric Larchevêque had this say to during a demonstration of the device:

“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.”

By connecting via Bluetooth using the Nano X, it’s now possible to enjoy the security of Ledger coupled with mobile’s form factor, said Larchevêque. As we know, Ledger devices are used to store keys, but to send and write transactions, an external application on a computing device is required.

When speaking to the press, Larchevêque said that he wasn’t ready to commit to a price for the Nano X but did confirm that when it launches that the cost of the Nano S will drop. According to Ledger’s website, the company has sold more than 1.3 million Nano S devices to date.

That’s not all, the new device sports a slightly larger screen which is excellent as every extra pixel aids in overall usability. The screen is an essential feature because Ledger’s security requires that many actions are carried out on the device itself.

“It’s a more advanced device,”  said Larchevêque of the Nano X.

The Ledger Live application will be available for download on Google Play and iTunes as of January 16 according to Ledger.

More Apps!

The device also boasts significantly more memory. While memory might not seem an essential feature for a hardware wallet, it actually is.

Why? As more and more new tokens make the crypto space more complex, it becomes necessary for various kinds of software to interact with different protocols. For Ledger to maintain their high-security standards, they made the decision that each various protocol requires its own application for the sending and receiving of tokens.

Larchevêque said:

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

This, of course, bears an additional benefit according to Larchevêque as it means that a user using a specific app can’t accidentally sign a transaction to the incorrect protocol.

Furthermore, the Ledger Nano X can store up to 100 different applications for different crypto assets which is a six-fold increase from the Nano S.

Bold Moves In Vegas:

Ledger made quite the statement by revealing the Nano X at CES.

Larchevêque said:

“It’s true that CES is not a crypto show.” Thus acknowledging that Ledger has indeed left the blockchain space with their appearance at CES, but he also pointed out that at this point that Ledger has ended up in too many users hands to be still considered a niche’ piece of technology.

CES also seems to have warmly taken to the French company in the broader world of consumer electronics and technologies, and according to a press release from Ledger, CES awarded the Nano X with their 2019 “Innovation Award in Cyber Security and Personal Privacy.”

Lastly, Larchevêque said:

“When you have more than a million customers you are really in consumer electronics.”

Do you own a Ledger device? What are your thoughts on hardware wallets? Let us know your thoughts by commenting below.