{"id":19333,"date":"2023-03-31T05:44:45","date_gmt":"2023-03-31T05:44:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-hardware-wallet-maker-ledger-raises-100m-amid-growing-demand-for-secure-storage-solutions-bitcoin-news\/"},"modified":"2023-03-31T05:44:45","modified_gmt":"2023-03-31T05:44:45","slug":"crypto-hardware-wallet-maker-ledger-raises-100m-amid-growing-demand-for-secure-storage-solutions-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-hardware-wallet-maker-ledger-raises-100m-amid-growing-demand-for-secure-storage-solutions-bitcoin-news\/","title":{"rendered":"Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions\u00a0 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The cryptocurrency hardware wallet manufacturer Ledger has raised \u20ac100 million ($109 million) in funding, according to the company\u2019s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, \u201c2023 is even better for us because now you can\u2019t even leave money at a Swiss bank.\u201d<\/strong><\/p>\n

Ledger to Expand Distribution, Production, and Research and Development With New Funding Injection<\/h2>\n

According to a Thursday report<\/a> by Bloomberg, Ledger, the cryptocurrency hardware wallet maker, has revealed it raised \u20ac100 million ($109 million) from investors. The capital raise comes at a time when crypto companies have been going insolvent and laying off significant portions of their workers. Ledger CEO Pascal Gauthier told Bloomberg\u2019s Anna Irrera that the company will leverage the cash injection to expand distribution, production, and research and development.<\/p>\n

Gauthier noted that in 2022, people became very aware that leaving money on centralized crypto platforms can be risky. The CEO also stressed that in the traditional finance world, people are having a hard time trusting financial institutions due to the recent bank collapses. \u201cSuddenly people were like \u2018wow, to leave crypto on an exchange is actually dangerous,’\u201d Gauthier told Irrera. \u201cAnd 2023 is even better for us because now you can\u2019t even leave money at a Swiss bank.\u201d<\/p>\n

Ledger\u2019s financing follows the company\u2019s announcement of a new crypto hardware wallet called the Ledger Stax, which was designed by iPod creator Tony Fadell. The news also follows the launch of 1inch\u2019s new hardware wallet and Coinkite\u2019s higher-end Coldcard device. Furthermore, the hardware wallet competitor Trezor revealed last month that it was taking control of its chip production.<\/p>\n

The report on Thursday notes that Ledger\u2019s chief experience officer Ian Rogers said the internet has changed how people perceive value. \u201cThe internet was this revolution of information, and now it\u2019s given birth to this revolution of value,\u201d Rogers said in a statement. \u201cFrom the speculation, to NFTs, to digital collectibles, digital tickets, digital memberships and ultimately digital identity.\u201d<\/p>\n

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What are your thoughts on the future of hardware wallets in the cryptocurrency industry, and how do you think they will continue to evolve to meet the needs of crypto investors and traders? Share your opinions in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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