PARIS, [16th August, 2023] – Leading crypto security firm, Ledger, has unveiled a game-changing integration that grants U.S. users the ability to purchase cryptocurrencies, including Bitcoin, Ether, and Litecoin, directly via their PayPal accounts.
The feature, available on Ledger’s widely-used Ledger Live app, ensures a smooth crypto buying experience for U.S. customers. Notably, users in states where the feature is permitted by law can instantly buy crypto without additional verification if they’ve previously acquired digital currencies through PayPal. This move signifies a convergence of two giants in the financial tech world – each with a shared vision for creating fast, secure, and seamless transactions on a global scale.
Pascal Gauthier, the CEO of Ledger, expressed his excitement over the collaboration:
“By merging Ledger’s unmatched crypto security with PayPal’s two-decade-long legacy in digital payment innovation, we’re ushering in a new era of asset trading. Our unified aim is to simplify cryptocurrency transactions and make moving money as straightforward and dependable as possible.”
It’s evident that both Ledger and PayPal are aggressively pursuing advancements in the crypto domain. Fresh off the launch of a U.S.-focused stablecoin (PYUSD), PayPal’s integration into Ledger Live’s ‘Buy’ section further emphasizes its commitment to the digital currency sphere. Meanwhile, Ledger, known for its pioneering hardware wallets since its inception in 2014, recently introduced Tradelink – a novel trading platform for institutional investors.
For users keen to capitalize on this new feature:
- Open Ledger Live and head to the ‘Buy’ segment.
- Determine the desired currency and amount.
- Specify the U.S. as the country.
- Opt for PayPal as the payment choice.
- A redirect to PayPal will ensue for login and transaction approval.
- Post-confirmation, the crypto assets will seamlessly transfer to the user’s Ledger device.
For those unfamiliar with PayPal or who haven’t used it for crypto transactions, a sign-up or a KYC verification might be necessary. Detailed guidelines are available on Ledger’s Help Center.
Ledger Live, boasting an impressive 1.5 million active users, offers a plethora of services like buying, selling, staking, and lending of digital assets. The app also introduces users to a growing list of DApps in its Discover section, ensuring their private keys are always protected on their Ledger device.
This partnership signals a pivotal moment in the crypto world, making it easier and safer than ever for users to dive into the world of digital currencies.