Ledger to Add SWFT-Powered Atomic Swaps to Its Ledger Live App
Adrian Zmudzinski's original article for cointelegraph.com reduced by 48%
Major hardware wallet producer Ledger plans to integrate cryptocurrency atomic swaps powered by cross-blockchain transfer protocol SWFT into its companion app Ledger Live. According to a press release shared with Cointelegraph on Oct. 8, "Wallets with SWFT Blockchain integration allow their users to swap currencies without having to leave the app or worry about addresses." "As the cryptocurrency market moves from speculation to real-world use, the need to swap between currencies will grow.
At SWFT Blockchain, we believe swaps and payments are the next big thing and we are confident our tools will help companies like Ledger adapt to this new demand." Ledger has also announced that SWFT will use its multi-authorization governance infrastructure service Ledger Vault. Thanks to this integration, "Assets managed by SWFT Blockchain will be secure both at rest and in transit, creating a secure liquidity platform for SWFT Blockchain and its users," the press release states. "We're giving SWFT Blockchain the peace of mind that their assets are secure while ensuring their customers have instant access to funds in a secure manner.
SWFT Blockchain is sending a clear message to their community that they do not compromise when it comes to security." Per the release, SWFT also operates SWFT Pay, "An instant exchange and payment aggregation platform with access to all major cryptocurrencies' payment channels with 99.99% system availability..
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