- Companies associate.
- The agreement provides for the integration of PayPal into Ledger Live.
- US users of the app will be able to buy bitcoin, ether, BCH and LTC directly from their fiat currency account, Ledger noted.
Hardware wallet maker Ledger announced a partnership with payment system PayPal. The agreement will allow users of the Ledger Live application in the United States to access another currency gateway.
To take advantage of this novelty, it is only necessary to add a PayPal account in the application, the company emphasized. When purchasing cryptocurrencies, the corresponding amount of fiat funds will be deducted from the specified address.
Digital assets will be transferred directly to the user’s hardware wallet. Four options are available to trade: bitcoin, ether, BCH, and LTC.
“We have combined the uncompromised security of Ledger with PayPal’s leadership in secure payment technology to help create a seamless platform for cryptocurrency transactions. Ledger seeks to make the world of cryptocurrencies more accessible, PayPal seeks to guarantee the reliability and accessibility of financial transactions”, highlighted Pascal Gauthier, CEO of Ledger.
In May 2023, Ledger was embroiled in a scandal. The cause was a Recovery update.
The function allowed access to the recovery phrase of the owner of the wallet. The company even had to postpone the release of the novelty. However, at the end of June, the manufacturer announced that it would finally add the feature.
For its part, PayPal announced the creation of a cryptocurrency center and launched its own stablecoin. However, the company was forced to suspend cryptocurrency operations in the UK.
