Ledger has just concluded its bi-annual Web3 Developer event. The company has announced many new features that are coming in the future. Here is a roundup of all the big announcements.
Ledger has partnered with Baanx to offer a new crypto card called ‘Crypto Life Card’.
The card will allow users to link it to Ledger Live and spend assets that are stored on a Ledger. There will be no need to convert crypto to fiat in advance, as all crypto is converted automatically when a user spends on the card.
Additionally, the card will offer a credit feature, allowing users to borrow against their crypto and spend interest-free for 30 days.
Another feature includes the ability to deposit a paycheck directly onto the card and users can decide how money is split between different cryptocurrencies.
There are many different crypto cards in existence, but none seem to quite compare to the offering from Ledger and Baanx here, allowing users to link directly to a hardware wallet for example is a game-changer.
Initially, the card will support the following cryptocurrencies: BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH and LTC, but more will be added in the future.
The card will release in UK, France and Germany in early 2022, followed by the United States. Features such as crypto credit and crypto paycheck will not be available until later in 2022. Users can sign up to the waitlist and find out more here.
Currently to use FTX with Ledger users are required to send their crypto off their Ledger manually and move it to their FTX account. With the new partnership with Ledger, users can now have quick access to FTX while keeping their crypto secured.
More detail on this partnership is expected to be announced in the coming weeks.
The hugely popular crypto exchange, Coinbase, also offers a self-custodial wallet called ‘Coinbase Wallet’. The new partnership with Ledger will allow users to link a Ledger to Coinbase Wallet and use the wallet as normal. This brings the increased security benefit of having a hardware wallet to the feature-rich Coinbase Wallet.
The integration will have a slow rollout in Q1 2022, starting with the Coinbase Wallet browser extension and later the Coinbase Wallet mobile app. More detail is expected to be announced in the coming months.
More detail is yet to be announced on this product. But, alongside the Ledger Nano S and Nano X, this new product (Nano S Plus), appears to offer a middle-ground choice. The Nano S Plus has a larger screen over the Nano S and also more storage.
“The Nano S Plus is an improved version of the world’s most famous hardware wallet, boasting a larger and higher-quality screen, more flash memory for loading, and many more plugins and apps to support a wide variety of coins and functions such as DeFi and NFTs. The Nano S Plus will be equipped with the industry-leading security element: ST33K1M5C, which combined with Ledger’s operating system allows developers to load and test their applications directly onto the product.”
The Ledger Nano X is remaining the top offering from Ledger.
Ledger is bringing NFT support directly to Ledger Live. Currently, via Ledger Live, there are apps under the Discover section which allow users to view NFT’s, one of these being Rainbow.me.
This new feature will display NFTs directly on the account page in Ledger Live, meaning opening apps on the Discover section will no longer be necessary. Still, Ledger will continue to add more NFT related apps in the future.
The feature is already available in early access and will officially launch in the upcoming months. Users can enable it now under the ‘Experimental Features’ tab on settings in Ledger Live.