Crypto wallet has announced that it has completed integration with leading hardware wallet Trezor for NEM crypto project. It said that XEM token holders will be able to use the Trezor wallet with Magnum’s interface.
We are glad to announce that @NEMofficial holders will be able to manage $XEM with @Trezor devices using the Magnum Wallet's interface soon?
Stay tuned for further updates✊https://t.co/Kjyi6ucfgH pic.twitter.com/9h1FOYkihe
— Magnum Wallet (@Magnum_Wallet) July 26, 2019
Trezor is among the first hardware crypto wallets ever and is among the leading ones. As the industry is expanding, hardware wallets are becoming more and more popular, mainly due to the security features they bring on the table. The recent hacks on online platforms as formidable as Binance make the use of hardware wallets even more important.
NEM is a blockchain-based crypto asset management platform, which was designed to ensure speed and scalability. The networks underlying private blockchain delivers fastest in-class transactions for the internal ledger.
And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.
The support on Trezor based on Magnum’s interface would allow the users of NEM’s native coin XEM to use their tokens more widely, given the large network of Magnum Wallet and formidable security of Trezor. This would give the network a big boost in terms of scalability, and also allow it to garner trust among user, with reliable names like Trezor and Magnum associating with it. Asset management itself is becoming quite popular, with biggest industry names jumping in digital assets.
Magnum is an all in one crypto wallets which have security and anonymity of users as its top priority. It has partnered with top centralized and decentralized crypto exchanges and supports over 350 digital assets available for exchange. The wallet has a presence in more than 170 countries.