Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- MoonPay, Wyre, and Coinify were among the initial gateway services available.
- Individuals who have previously acquired crypto via PayPal do not require additional KYC.
Ledger, a provider of cryptocurrency wallets, has unveiled a new on-ramp solution in collaboration with PayPal. Owners of Ledger Wallets can now buy Bitcoin, Ethereum, Bitcoin Cash, and Litecoin using their PayPal accounts. These transactions will be credited directly to their Ledger wallets, bypassing any intermediary accounts.
Individuals who have already bought cryptocurrencies through PayPal do not need to submit any further identification when conducting a transaction in Ledger Live. This feature is designed for both newcomers to crypto and experienced users.
New Era of Asset Advancement
Related Posts
Previously, MoonPay, Wyre, and Coinify were some of the gateway services accessible to Ledger users. However, the inclusion of a significant player like PayPal marks a substantial milestone for the French firm. Pascal Gauthier, Chairman & CEO of Ledger, issued a statement highlighting the company’s dedication to demystifying cryptocurrencies.
Ledger CEO Pascal Gauthier remarked:
“Both PayPal and Ledger prioritize delivering secure, efficient, and rapid transactions globally. With over two decades leading the digital payment evolution, PayPal’s expertise complements our mission in this new era of asset advancement through our integration.”
Ledger has indicated that additional features stemming from this partnership with PayPal may be revealed soon. In spite of new financial ventures by Apple and Google, along with emerging competitors like Block, founded by former Twitter CEO Jack Dorsey, PayPal appears to be accelerating its efforts in the crypto domain. Recently, the online payments giant introduced PayPal USD (PYUSD), a stablecoin based on Ethereum.
Highlighted Crypto News Today:
Coinbase Secures Approval To Offer Crypto Futures Trading in U.S
