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Hardware Wallet Maker Ledger Adding DeFi Support to Mobile App
The updated app will let users connect to decentralized apps via an integration with open-source protocol WalletConnect.
Cryptocurrency hardware wallet provider Ledger will soon allow users to access the decentralized finance (DeFi) space through its Ledger Live mobile app.
STORY CONTINUES BELOW
- According to an announcement Monday, the app – to be updated this week – will let Ledger wallet users connect to decentralized apps (dapps) via an integration with open-source protocol WalletConnect.
- Until now, access to dapps like platforms like Uniswap, KyberSwap, 1inch, Curve and Binance DEX were generally only available to desktop users, the firm said.
- Ledger Live mobile users will be able to use their device to manage transactions without relying on external gateways and browser-based Ethereum wallets.
- “With the new update, you can interact with any DeFi dapp with WalletConnect support directly from your mobile device, by simply scanning the QR code offered by the dApp using your device camera,” said the firm.
- Users will be able to interact by scanning QR codes provided within dapps. Subsequent transactions can then be securely signed within Ledger Live on their device within Ledger Live.
EDIT (15:55 UTC, Feb. 8, 2021): Text and headline were altered to reflect that the app update was not live on Monday as expected by Ledger.
Read more: Crypto Wallet Maker Ledger Hires Luxury Brand Exec to Grow Consumer Business
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
