Ledger announces U.S. PayPal integration, lets users buy crypto from within app
Hardware wallet maker Ledger has integrated its Ledger Live software application with PayPal, according to an Aug. 16 joint announcement by the 2 business. The integration allows U.S. locals with validated PayPal accounts to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly through Ledger Live with no extra verification, the announcement stated.Ledger Live software application and gadget. Source: LedgerLedger Live formerly allowed users to purchase crypto through partners MoonPay, Transak, Ramp, Simplex, Loopipay and Mercuryo. PayPal is the newest addition to this list. When a user purchases crypto through PayPal through Ledger Live, it is right away sent out to the users wallet, and no “withdrawal” procedure needs to be started by the user, the announcement stated.Ledger chairman and CEO Pascal Gauthier claimed that integrating Ledger Live with PayPal will make crypto transactions simpler while likewise not compromising on security:”Were combining the uncompromising security of Ledger with PayPals leadership in safeguarded payments innovation to help assist in a smooth platform for user crypto transactions. Ledger is devoted to streamlining the world of crypto and PayPal is committed to making the movement of money as simple, trustworthy and economical as possible.”Ledger claims to have offered over 3 million Ledger Nano S hardware wallets because 2016, making it one of the leading hardware wallet manufacturers. It came under some controversy in May, when it introduced a secret recovery phrase storage service that led to confusion amongst users. The group later on attempted to tube down criticism by clarifying how their wallet works.PayPal announced on Aug. 7 that it is introducing a stablecoin called PYUSD, however the Aug. 15 announcement does not list PYUSD as one of the coins that will be offered on Ledger Live just yet.Collect this short article as an NFT to preserve this minute in history and show your assistance for independent journalism in the crypto area.