Cryptocurrency hardware wallet developer, Ledger, announced partnership with cross-blockchain app, SWIFT Blockchain, to provide users with atomic swap payments across blockchains. The official announcement released on Oct. 8 states Ledger Live wallets will integrate the SWIFT protocol to provide a direct channel to users to “switch between cryptocurrencies without having to leave the app or worry about addresses.”
As global cryptocurrency adoption rates grow gradually, Ramble Lan, the founder and CEO of SWIFT, expects the industry to develop cross blockchain solutions given the demand to switch between currencies. He further explained,
“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.”
Integration with Ledger Vault.
Ledger is known for its secure hardware wallets and that prestige will be carried on with users’ funds secured by integrating with Ledger Vault. The Vault is a multi-signature authorization wallet that secures the funds while in cold storage and while in a transaction. This allows the users’ to always have access to their funds providing a secure and liquid platform.
The integration with the Vault is set to give SWIFT Blockchain custodians and users “peace of mind” and security for their digital assets. On the subject of SWIFT Blockchain partnership, the global head of Ledger Vault, Demetrios Skalkotos, said,
“SWFT Blockchain is sending a clear message to their community that they do not compromise when it comes to security.”
Earlier in the year, Komodo released an AtomicDEX that allows users to complete cross chain transfers through atomic swaps.