Ledger will enable ADA purchases directly from the Ledger Live app

Ledger-will-enable-ADA-purchases-directly

Ledger, the popular hardware wallet, is once again committing to the Cardano network. ADA will soon be available for direct purchase in the Ledger Live app.

Cardano is getting support

It seems that for the team behind Ledger hardware wallet, Cardano is a very promising project. Its continuous development in the Ledger Live application can be seen with the naked eye. Thus, a new facility will soon premiere. According to the announcement, published on Twitter, followers of Charles Hoskinson’s project will be able to directly purchase ADA coins, just through Ledger Live.

As we read in the official announcement:

“You can now send/receive ADA and also buy in the buy section of Ledger Live (coming soon). We also want to support native Cardano tokens on Nano S. We are looking at other features such as staking.”

The implementation date for the new feature is not yet known. Nevertheless, the community seems to be excited about it. It will no doubt have a direct impact on the adoption and popularization of Hoskinson’s blockchain. 

Wallets race to add Cardano support

The Cardano ecosystem is booming during the current market turmoil. This is manifested, for example, by the involvement of wallet manufacturers in launching ADA-related features. The announced direct purchases in the Ledger app, as well as the upcoming staking option, are just some examples of this kind of activity. We recently reported on the doings of the Trezor team, which also sees great potential in Cardano. You can read more about it in the article titled: “Trezor’s hardware cryptocurrency wallet now supports Cardano smart contracts”. The actions of the Trezor team were, in a way, a response to the involvement of Ledger developers, who not much earlier announced similar support.

The importance of Cardano’s adoption within the French hardware wallet maker is perfectly highlighted by Ledger CEO Fabrice Dautriat himself:

“Cardano was a big project for us. We went through a proposal phase to present to the community why the integration was important.”

Cardano maintains support

In light of this news, as well as Cardano’s upcoming network update, called Vasil, the ADA coin is trying to keep support above $0.40. It can also be seen trying to find chances for a stronger upward move. Unfortunately, the market situation related to the condition of Bitcoin, does not spare ADA. Nevertheless, the foundations of the Charles Hoskinson ecosystem are getting stronger, which may result in its significant increases in the future.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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