Ledger Releases Hardware Support for Trust Wallet's Browser Extension to Bring Added Security
Ledger has released hardware support for the Trust Wallet Browser Extension, a multi-chain crypto wallet that acts as a gateway to thousands of Web3 decentralized applications (dApps).
A hardware wallet securely keeps a crypto user's private keys offline, bringing an additional layer of security. With this latest update, Trust Wallet users can leverage the functionality of Trust Wallet to access decentralized apps while keeping their private keys completely offline.
According to a press release shared with Cryptonews.com, the multi-wallet feature and Testnets are also included in this Trust Wallet Browser Extension update, which allows users to enjoy a more comprehensive wallet experience.
Multi-wallet allows users to add, import, and manage all their different wallets, including all Trust Wallet and Ledger wallet addresses, in one place but with separate private keys.
“We’re delighted to provide more security to Trust Wallet users with this integration," Jean-Francois Rochet, VP of Transactions and Services at Ledger, said. "Ledger and TrustWallet share the goal of empowering every user to self-custody and manage their own assets, which is the true ethos of crypto."
As part of the update, the wallet will also add support for Testnets, which will allow more developers and tech-savvy users to experiment with cryptocurrencies in a controlled environment. Eric Chang, Head of Product at Trust Wallet, said in a comment:
"Integrating Trust Wallet and a leading hardware wallet like Ledger provides people with the best balance of convenience, enhanced security, and functionality. People can access the wide range of new tokens, networks, and dApps connections through an added security layer - all in one place from their browser."
Ledger is a leading provider of hardware wallets that are never connected to the internet, offering an additional level of security and making them ideal for the long-term storage of digital assets.
In contrast, Trust Wallet is a hot wallet connected to the internet, which can be used for exploring decentralized apps like Uniswap and Maker, making day-to-day transactions, and managing digital assets. Binance, the world's largest crypto exchange, acquired Trust Wallet in 2018.
The new partnership comes shortly after Ledger inked a partnership with Web3 Luxury brand RTFKT to create a safe and secure solution for their high-end digital collectibles. The duo also unveiled the RTFKT x Ledger collection and educational program.
It is worth noting that Ledger experienced a sharp increase in sales after the chaotic collapse of FTX in November last year as consumers rushed to self-custody solutions to safeguard their digital assets.