Posted by • Ledger and PayPal have announced a strategic partnership to offer customers the ability to buy crypto assets, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin directly from their Ledger wallets.
• PayPal will be listed as a payment option in Ledger Live’s “Buy” section for US users who are subject to relevant state regulations.
• PayPal has also added its own stablecoin, PYUSD, as one of the coins it supports.
Ledger Partners with PayPal
Ledger, the manufacturer of hardware wallets, has partnered with payment processor PayPal to enhance crypto purchases. Through Ledger Live, users can now purchase crypto using fiat and transfer them directly to their cold wallets.
PayPal Payment Solution
The strategic on-ramp integration between Ledger and PayPal allows users in the United States (subject to relevant state regulations) the freedom to buy listed coins directly from their wallet via PayPal. Users who have already bought crypto via PayPal don’t need additional verification steps when buying more coins through Ledger Live.
Expanding Footprint
In addition to offering an easy way for customers’ crypto purchases, PayPal recently introduced a crypto hub where clients can participate in various activities such as trading, sending and receiving coins. The company has also added its own stablecoin PYUSD which is pegged against USD as one of the supported coins. This makes it the first technology firm from the United States to issue a stablecoin. Additionally, they plan on extending services providing access to Venmo users soon.
Security Benefits
Ledger’s emphasis on security makes it an ideal partner for enhancing cryptocurrency transactions; user funds remain secure in cold storage wallets all while being able to use major payment solutions like Paypal for convenience and ease-of-use when making purchases or transferring funds between accounts or merchants.
Conclusion
The strategic partnership between Ledger and Paypal could prove beneficial both companies while creating new opportunities for cryptocurrency buyers looking for secure yet convenient ways of purchasing digital assets based on fiat currency prices without having worry about cyber threats or frauds associated with traditional online banking methods like credit card payments or wire transfers