As a reminder, Ledger is the most popular hardware wallet manufacturer in the cryptocurrency world. The company is based in France and offers several models of its devices for storing digital assets.

Ledger cryptocurrency wallet


The advantages of such wallets are the ability to store private keys, which provide access to and control of the cryptocurrency, outside of the internet. Consequently, hackers will not be able to access the coins remotely.

Ledger has three strengths that set the company apart from its competitors. First of all, it has a secure chip - similar to those used in bank cards or passports. It is designed to withstand attack by fraudsters and keeps private keys isolated. Also worth noting is the presence of a screen that cannot be tampered with. Accordingly, even if a PC or mobile device falls victim to a virus, the real coin sending address will be displayed on the screen - and this can save from losing money.

In addition, Ledger devices run on a separate operating system, BOLOS. The purpose of the latter is to isolate the applications within the wallet from each other. This way, they will not be able to access important data by cid-phrase type.

Ledger Nano S hardware wallet

We use Ledger hardware wallets to store cryptocurrencies and have even shared a review of the device. Read more about its features in a separate article.

Ledger is now holding an event called Ledger OP3N in Paris. There was room to announce new products and initiatives.

What Ledger presented

A new debit card called Crypto Life will be available early next year. It is part of Ledger’s strategy to move away from manufacturing crypto devices to a full-fledged platform that “can meet the diverse needs of its customers”.

Crypto Life announcement

For now, users can only sign up to the product's waiting list by entering their email address and country of residence. This can be done by following this link.

In an interview with Decrypt, Ledger CEO Pascal Gauthier said that his company aims to be the backbone of the Web 3.0 sphere. Recall that Web 3.0 is the new “version” of the Internet, which will be dominated by decentralized services and not the platforms of global corporations.

It will be possible to transfer money to a Ledger debit card via the native Ledger Live app. This way, users will be able to quickly withdraw their coins from cold storage, and the security of the funds will not be compromised, as a secure chip inside the hardware wallet will still be responsible for keeping the coins safe. At the same time, the card’s financial transactions will be handled by Visa’s payment network.

Ledger Live app

The company says that the credit line rates will be zero, but the offer will be limited to certain regions. That is, for example, customers from the US are unlikely to get access to this feature. Cardholders will also be able to arrange for all or part of their salary to be transferred to their debit account and converted into BTC or ETH if necessary. Exact information on card fees is not yet available, but Gauthier promised that they are unlikely to be higher than those of most banking apps.

The manufacturer’s innovations don’t end there. Ledger also announced a partnership with the FTX and Coinbase exchanges, allowing users to trade crypto in complete safety. Details of the innovation will be announced later.

Ledger partnership with FTX exchange

Company representatives also announced the soon introduction of NFT tokens support in Ledger Live application. In December, they will not only be able to be viewed, but also sent and received. The feature will be added as part of a collaboration with an NFT trading platform called Rarible.

Introduction of NFT tokens in the Ledger Live app

Finally, there was no shortage of new device announcements. This is the Ledger Nano S Plus, which differs from the usual Nano S with a bigger display and supports a larger number of coins and more applications.


We think such initiatives for Ledger are logical. Ultimately, their goal boils down to transforming the company into a full ecosystem that will support NFT, a large number of decentralised applications and secure trading. So over time, there will be more and more hardware wallet scenarios.