The cryptocurrency wallet manufacturer Ledger could be working with smartphone manufacturers in order to be able to develop solutions for crypto users. The information was released by the CEO of the company, Pascal Gauthier in an interview with Breaker.
Ledger Could Offer Solutions For Smartphones
Pascal Gauthier, the new CEO of Ledger, one of the largest and most popular cryptocurrency wallet manufacturers in the world, confirmed that they are working with several phone manufacturers. The main goal is to “put ledger inside a phone,” in order to protect the user’s cryptocurrencies.
According to the former CEO of Ledger, Eric Larchevêque, within five to ten years technology will be advanced enough for smartphones to be able to secure virtual currencies. Gauthier mentioned that the hardware industry, including phones and computers, is moving towards enhanced security for users.
“Before crypto, people could steal stuff from your computer, but it was mainly data and it was not directly money,” he explained. “Right now, if you hold crypto in your computer or on your phone, people can actually start stealing money at scale.”
Nonetheless, he made it clear that phones are always with a person. That means that if users have a large amount of money in terms of coins, the idea is to leave that at home in case the phone gets lost or is stolen. It is possible to have a hardware wallet at home and just some few cryptocurrencies on the phone.
About their work with other smartphone companies, Gauthier explained:
“In the same way that our technology powers Nanos, our technology can power a phone, so you could put Ledger inside a phone. And it’s something that we are actually working on with several phone manufacturers.”
Ledger is one of the largest hardware wallet manufacturers in the cryptocurrency market. The firm released the Ledger Nano S, which has been one of the most sold hardware wallet devices. At the end of the last year, the firm launched the Ledger Nano X that allows users to store a large number of digital assets and it has a better and more modern design.
Gauthier has recently replaced Eric Larchevêque as the CEO of Ledger, located in Paris. The main goal is to properly focus on strategy and vision while overseeing regulator and government outreach, among other things. Gauthier will try to simplify how the company works and the different teams behind it.