Ledger, the manufacturer of hardware wallets, has unveiled a strategic on-ramp integration with PayPal, a payment processor.
With Ledger Live, users can purchase crypto using fiat and transfer them directly to their Ledger cold wallets.
A new featured payment solution
In a blog post on Aug. 16, Ledger highlighted their joint intention of offering the broader crypto community with a secure and convenient platform to buy various crypto assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
As part of this integration, PayPal will also be listed as a payment option in Ledger Live’s “Buy” section.
Ledger users in the United States, subject to relevant state regulations, will be free to buy listed coins directly from PayPal.
Moreover, users who have bought crypto via PayPal before can proceed to buy more coins through Ledger Live without additional verification steps.
Paypal continues to expand its footprint
On Aug. 7, PayPal introduced a crypto hub for its clients to participate in various crypto activities, ranging from trading, sending, and receiving coins.
PayPal has also added PYUSD, its stablecoin, as one of the coins it supports. The stablecoin is pegged to the USD.
PayPal becomes the first technology company from the United States to issue a stablecoin.
It follows their early announcement to extend provision of crypto services to Venmo users.