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Ledger secures $75m for crypto security

The demand for secure crypto storage is almost as high as the demand for the assets themselves. Only a few companies at the moment are offering solid secure offline storage devices for cryptocurrencies and they are selling out like hot cakes. Ledger is one such company and it has just secured its second round of investments which will go into research and development and up-scaling operations.In a press release on the company blog yesterday Paris based Ledger announced that Series B of funding has now been completed with 75 million USD secured in investments. The first round of investments was held in March 2017 where $7 million was raised. Leading the way was London based capital markets firm Draper Esprit whose CEO Simon Cook said;“Blockchain, as evidenced by crypto assets, is a truly revolutionary technology. Security will be paramount to its success and we believe that Ledger has built the world’s best security platform to manage private keys for all blockchain and crypto asset applications. This is a global company for a global industry and we have built an international syndicate through the Draper Network to support the team in their huge ambition.”A number of other venture capitalist partners added to the stash which included Draper Associates, Draper Dragon and Boost VC, as well as FirstMark Capital, Cathay Innovation, and Korelya Capital.Eric Larchevêque, Ledger CEO, was pleased with the outcome;

At Blockchain, we’re striving to write reusable, extendable, and flexible code. This practice has become even more important with the recent addition of Bitcoin Cash and ether to our wallet application. For our users, adhering to writing agnostic components makes project delivery speeds faster and more consistent. For our developers, it makes the code fun to work with and less buggy.A few months ago, we added ether to the Blockchain wallet along with a crypto-to-crypto exchange integration. This feature was the first we’ve built that supports multiple cryptocurrencies (instead of just bitcoin to fiat or vice versa). In our efforts to build reusable, extendable, and flexible code we built it to support any digital currency our wallet currently offers or will offer in the future.The components that make up our exchange integration are completely agnostic to the currencies the user wishes to shift. Any digital currency can be plugged into the integration as long as it’s “API” in the My-Wallet-V3 core supports a few basic functions. Let’s walk through how this works a little bit.When the wallet initializes the exchange checkout process it passes the destination and origin wallets to the shift-create component from the shapeShiftCheckout controller:My-Wallet-V3-Frontend/assets/js/controllers/shapeshift/shapeShiftCheckout.controller.js