Trezor has just announced that it is now accepting Monero (XMR) as a payment option. Bitcoin (BTC), Litecoin (LTC), and other cryptocurrencies are also now supported through the payment processor GloBee.
Buying a Trezor hardware wallet just got a whole lot easier. According to a new tweet by the company, customers can now purchase the hardware wallet through the GloBee payment processor. This means that Monero (XMR), Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and even Dogecoin (DOGE) are now accepted as payment options.
Previously, the only cryptocurrency accepted for Trezor purchases was BTC through BitcoinPay. However, with the addition of major cryptocurrencies like Monero, users may be more enticed to pick up a Trezor wallet for themselves.
— Trezor (@Trezor) May 6, 2019
In a tweet to the announcement, the official @monero handle also responded with a ‘friendly reminder.’ It says that ‘full Trezor support’ is coming soon with the new CLI and GUI releases. CLI is the more complex command line wallet, however, the GUI wallet is meant to be extremely user-friendly. With the updates, Trezor will finally support Monero which has been a long time coming.
We can also expect a user-friendly guide to storing your XMR on Trezor when the time comes.
Monero is currently available for storage on Ledger branded hardware wallets. However, many users have grown skeptical of Ledger as a means to hold their XMR since a major bug was discovered in March. Posted on Reddit, the bug associated with Ledger’s 0.14 client cost one user 1600 XMR, ($83,000 at the time). Many users say they’re better off not taking that kind of risk.
With the release of Monero on the Ledger, XMR users will likely be relieved to have a safer, more secure hardware wallet option. However, some may prefer to just store their XMR in a regular software client wallet rather than spending money on questionable security.
Whether or not you think a hardware wallet is necessary is your call — the good news is, there are more choices in protecting your cryptocurrency.
If you’re a cryptocurrency company, should you require payments in cryptocurrency? Let us know your thoughts on Trezor’s recent announcement in the comments below.
Images courtesy of Twitter, Shutterstock.