Ledger Live Adds Support For XTZ And Tezos Staking, Incorporating Software Features Into Hardware Wallets

Hardware wallet manufacturer Ledger has announced the latest version of its Ledger Live application, adding support for Tezos and Tezos staking.

Unveiled last year, Ledger Live is a software solution that allows Ledger hardware wallet users the ability to manage their digital assets via a smartphone or computer.

"Ledger aims to combine security with a seamless user experience. The announcement with Tezos is exactly part of this mission. Ledger Live makes it easy to use crypto, while Ledger hardware wallets provide a high level of security. Ledger Live users can now create or import Tezos accounts, stake XTZ and passively earn rewards."

From Hardware to SoftwareWhile adding support for XTZ creates an additional layer of security for token holders, it is noteworthy that Ledger Live lets users grow their digital assets through staking, which is a way for crypto holders to earn passive income.

Gauthier pointed out that storing XTZ on a Ledger hardware wallet and then providing users with a platform to stake Tezos creates a much more secure solution.

"Hardware will always be important. Our customers like being able to store their crypto on a Nano, which remains the most secure hardware wallet on the market. But we have to think about where the industry is growing and going - and offering Tezos staking on Ledger Live is a signal that we are moving in a direction where strong UX coupled with less friction, allows customers to interact and transact with their crypto easily, quickly and still securely."

Staking Tezos is an example of how Ledger Live aims to integrate new services seamlessly within a single application on a smartphone or computer.

"We've been working closely with Tezos to make staking more convenient. On major exchanges, users have to do everything themselves, meaning they have to find someone to delegate their coins to or go through a custodian. Ledger Live empowers users to make their own choices by allowing them to choose who to delegate their tokens to. This is part of the nature of our open platform. We want to make sure users can access their entire crypto journey through Ledger Live," said Guthier.

How will the community react?While the integration of Tezos is important for Ledger Live to widen the array of services offered on its platform, which currently supports 1,250 ERC-20 tokens, the impact of the development will be measured by its resonance with the Tezos community.

"Right now we have external development teams working on applications that have been integrated into Ledger, but this makes for a much more seamless user experience. It will also be interesting to see new features incorporated into Ledger Live when upgrades are made to the Tezos protocol."