Hardware wallet maker Ledger has announced a strategic on-ramp integration with payment processor PayPal.
Users of Ledger Live can buy cryptocurrency with fiat and send it straight to their Ledger cold wallets. Ledger underlined their collaborative goal of providing the larger crypto community with a safe and practical platform to acquire different crypto assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), in a blog post on August 16.
As part of this integration, Ledger Live’s “Buy” section will include PayPal as a payment choice. Users of Ledger in the United States will be free to purchase listed coins directly via PayPal, subject to applicable state rules.
Additionally, customers who have already purchased cryptocurrency through the online payment system can continue through Ledger Live without undergoing additional verification procedures.
Paypal Keeps Growing its Presence
On August 7, PayPal unveiled a cryptocurrency hub where its users may trade, transfer, and receive cryptocurrency. Additionally, PYUSD, its stablecoin, has been added to PayPal’s list of supported currencies.
The stablecoin is linked to the USD. The first American technology business to release a stablecoin is the online payment system. They have previously announced that they would also offer crypto services to Venmo customers.
