The cryptocurrency hardware wallet firm has released its newest product – a Bluetooth-based wallet named Ledger Nano X, which has already won itself an innovation award at the Consumer Electronics Show in Las Vegas.

Going mobile

The new Bluetooth version is clearly a huge innovation step for Ledger compared to its current Ledger S wallet, which is not compatible with mobile devices and is a sore point amongst users.

Ledger CEO Eric Larchevêque told CoinDesk during a demonstration that connecting Nano X via Bluetooth makes it possible to “have the security of Ledger but with mobile’s form factor”.

Larchevêque has not commented on a price for Nano X but did say that when it rolls out for sale, the price for Nano S will be lowered (it currently retails at $69.99).

Having the ability to store 100 crypto assets stands Ledger Nano X at six times the capacity of Nano S. Additionally, it was announced last November that Ledger’s Nano S will support altcoin Monero (XMR), which offered XMR traders a safe and convenient place to store their crypto.

At the end of October 2018, Ledger opened an office in Hong Kong. Also, in a Forbes interview (July 9), the firm announced it had sold more than one million hardware crypto wallets in 2017, earning a profit of $29 million. This rapid growth has gained it attention from tech giants such as Samsung, Google’s venture arm GV, and Siemens.

Responding to criticism, Ledger showed its fast reaction and firm attitude. At the end of 2017, in response to reports about vulnerabilities in Ledger hardware, Ledger published a statement showing the impracticality of the allegations, and emphasized the strengths of its device.