PayPal users in the US can now effortlessly purchase cryptocurrency on Ledger Live.
Ledger, a leading hardware wallet manufacturer, has enhanced its Ledger Live software, enabling US PayPal users to buy cryptocurrencies within the platform.
It is worth noting that Ledger Live previously facilitated cryptocurrency purchases through collaborations with entities such as MoonPay, Transak, Ramp, Simplex, Loopipay, and Mercuryo.
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With this latest collaboration, PayPal becomes a new addition to this list, amplifying the choices for Ledger Live users. Remarkably, when users acquire crypto through PayPal on Ledger Live, the assets are directly transmitted to their wallets, removing the typical "withdrawal" step.
Ledger's CEO, Pascal Gauthier, underscored the merger of Ledger's stringent security protocols with PayPal's trusted payment ecosystem, stating:
We’re combining the uncompromising security of Ledger with PayPal's leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions. Ledger is committed to simplifying the world of crypto and PayPal is committed to making the movement of money as simple, reliable and affordable as possible.
The integration allows verified PayPal users on Ledger Live to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
The company has reportedly dispatched over 6 million of its Ledger Nano hardware wallets since its inception in 2016, positioning it among the elite in hardware wallet production. Though Ledger faced a hiccup this past May, introducing a covert recovery phrase storage service that puzzled many.
On a related note, PayPal disclosed its intentions to introduce a stablecoin named PYUSD on August 7th. However, there hasn't been any confirmation regarding PYUSD's availability on Ledger Live.
This integration signifies a monumental step in amalgamating convenience with security, potentially paving the way for more mainstream users to explore the world of cryptocurrencies.
