- The companies have partnered.
- The agreement will see PayPal integrated into Ledger Live.
- Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted.
Hardware wallet maker Ledger has announced a partnership with payment system PayPal.
The agreement will provide Ledger Live app users in the U.S. access to another currency gateway.
To take advantage of the new feature, all you need to do is add a PayPal account to the app, the company stressed.
When purchasing cryptocurrency, the corresponding amount of fiat funds will be debited from the specified address.
The digital assets will go directly to the user’s hardware wallet. Four positions are available for trading – bitcoin, ether, BCH and LTC.
“We’ve combined Ledger’s uncompromising security with PayPal’s leadership in secure payment technology to help create a seamless platform for custom cryptocurrency transactions.
Ledger is committed to making the world of cryptocurrencies simpler, PayPal is committed to making financial settlements secure and accessible,” emphasized Ledger CEO Pascal Gauthier.
In May 2023, Ledger found itself at the center of a scandal. It was caused by an update to Recovery.
The feature allowed access to the wallet owner’s cid phrase. The company even had to delay the release of the innovation.
However, as early as late June, the vendor said the feature would still be added.
PayPal, for its part, announced a cryptocurrency hub and released its own stablecoin. At the same time, the company is forced to suspend cryptocurrency transactions in the UK.
At the same time, the company is forced to suspend cryptocurrency transactions in the UK.