Payments giant PayPal is integrating with a crypto wallet to allow traders to purchase crypto assets within its application.
In a new announcement, crypto wallet provider Ledger says that its collaborating with PayPal to let US customers directly buy select digital assets such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) by linking accounts.
“We’re glad to announce an on-ramp integration with PayPal, allowing users to explore crypto in a convenient, simple and secure way via the Ledger Live companion app…
Whether a crypto expert or a newcomer to the world of digital currencies, the PayPal and Ledger Live integration will provide a secure and user-friendly platform for buying crypto. When using PayPal through Ledger Live, Ledger users in the US (subject to applicable state law) will be able to directly buy BTC, ETH, BCH and LTC using their linked PayPal account.”
Ledger Live is an app associated with Ledger’s crypto wallet that allows users to buy, trade, swap, lend, and stake virtual assets. Digital assets purchased over the app will directly be sent to a user’s Ledger wallet, according to the announcement.
As stated by Pascal Gauthier, chairman and CEO of Ledger,
“We’re combining the uncompromising security of Ledger with PayPal’s leadership in secure payments technology to help facilitate a secure and 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, secure, and affordable as possible. This integration provides greater optionality while giving users peace of mind converting dollars into crypto.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Igor Kyrlytsya