The VeChain Foundation is delighted to announce that VET/VTHO digital assets can be stored on LedgerHQ. The announcement was made via Twitter on August 8 via Twitter. The team went ahead to say that X Node is also supported on the wallet, however, at the moment it is not possible to move an already bound X Node.
“We’re pleased to announce that @LedgerHQ supports VET/VTHO storage and X Node binding. However, moving an already bound X Node is currently unavailable.” VeChain Foundation wrote on Twitter.
In addition to that, VeForge Vault, a platform developed by one of the community member, TotientLabs, can also be used to store and manage VET/VTHO digital assets. VeForge Vault is a secure web platform that provides access to VeChain assets. TotientLabs is a company that was co-founded by three individuals with a vast background and experience in consulting, information security, development, compliance as well as core blockchain development.
“VeForge Vault, an interface developed by @TotientLabs, an early community supporter, can be used to manage VET/VTHO assets.”
LedgerHQ is one of the companies in the world providing security for cryptocurrency projects. It is best known for developing Ledger Nano S; a hardware wallet that provides cryptocurrency holders with a secure means of storing tokens. Ledger Nano S is a highly regarded hardware wallet in the market especially when it comes to the security of crypto assets. The company has also developed the Ledger Live, “the perfect companion for your Ledger Nano S. Add new cryptocurrencies and check your balance in just a few clicks.”
Furthermore, it caters to the needs of financial institutions with interest in cryptocurrencies. It has come up with Ledger Vault; a solution that has been tailor-made for financial institutions. It can be used to manage virtual currency while at the same time, guaranteeing optimum security.
Ledger added support for VeChain and other digital assets including PoA, ICON, WanChain, Ontology, Kowala, RSK, and particl. Their applications are already available on Ledger Live. Users can now store these assets on Ledger Nano S, manage and view their balances on Ledger Live.
In other recent news, VeChain has partnered with the leading mobile phone provider in Japan, NTT Docomo. The two companies will work together to roll out a high-speed network referred to as 5G by 2020.
VeChain markets itself as “e world’s leading enterprise public blockchain platform.” This partnership takes VeChain closer to its mission of providing next-generation technology services to users using the high-capacity 5G network. Significantly, the high-speed network will execute on the new VeChainThor Blockchain. A section of the announcement on the official VeChain Medium said:
“Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users. With our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain’s presence in the region.”
VeChain (VET) Price Overview
The crypto market is tumbling on Wednesday and VeCahin has not been spared. It is trading at $0.0114 but it has dropped a whopping 13.8% in the last 24 hours. A delay of the SEC verdict on Bitcoin ETFs has had markets spiraling down in reaction.