Cryptocurrency security expert Ledger has enabled support for Cardano’s ADA and its companion wallet app, Yoroi Wallet.
EMURGO, Cardano’s Japan-based commercial arm, announced in a press release on Wednesday the hardware wallet Ledger Nano S has integrated ADA — Cardano’s native cryptocurrency — and supporting app Yoroi Wallet into its system.
Ledger CEO Eric Larchevêque expressed his satisfaction with the move, describing how “the Ledger community has been looking forward to [the integration] for a long time.” He added:
“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.”
Cardano and its ADA coin first entered the cryptocurrency space in September 2017, but this marks the first time investors have a safe storage solution for their coins. Indeed, storing private keys offline and on a hardware wallet remains one of the safest options for investors — security firm CipherTrace recently reported that the first three quarters of 2018 saw $927 million stolen from exchanges in hacks.
The Ledger integration was sponsored by the Cardano Foundation — who funded the development of the Cardano Ledger app and its software libraries — and supported by IOHK’s team and development studio Vacuumlabs.
Support was teased by EMURGO in a tweet on Monday. Investors reacted extremely positively to the integration, with the price of the ADA coin leaping 10% to over $0.66 at the time of writing.