Ledger Live Enables Crypto Buying in U.S.
- The new feature was made available through a partnership with blockchain-based payments firm Wyre, which will offer its services exclusively to U.S. customers.
- Wyre has not only expanded the number of states the service is available in, but also increased the amount of tokens and coins available on Ledger Live.
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Crypto wallet manufacturer Ledger has partnered up with blockchain payments firm Wyre, enabling its U.S. customer to purchase crypto directly through the Ledger Live app, the firm said in a blog post on 15 June.
According to the announcement, the partnership with Wyre will exclusively provide Ledger’s U.S. customers with the ability to buy crypto using fiat currency. The feature will be available in the 42 states covered by Wyre, excluding New York, Texas, Virginia, Hawaii, New Hampshire, and Vermont. Ledger said in its blog post:
“Our mission is to provide everyone with access to the safest crypto-ecosystem on the planet. As such, our new partnership with Wyre takes the Ledger ecosystem one step forward. Allowing our friends in the United States to seamlessly & safely purchase crypto via the Ledger Live App.”
Ledger Live customers around the globe have had the ability to purchase crypto directly from the app for some time now — thanks to Ledger’s partnership with Coinify — but the new Wyre integration will not only increase the number of states the service is available in, but also make new coins and tokens available for purchase. The platform currently supports 21 different assets, including a large number of DeFi tokens such as UNI, AAVE, and YFI.
Ledger has continued to expand the range of services it supports in an attempt to remain the largest and most popular crypto wallet manufacturer. Just yesterday the company announced its customers can now swap tokens on the Ethereum blockchain directly through its Ledger Live app, thanks to an integration with decentralized finance (DeFi) platform ParaSwap.
Last week the firm also closed a $380 million Series C funding round, led by digital asset fund 10T Holdings, which brought Ledger’s valuation to around $1.5 billion. Ledger stated that the newly acquired funds will help it implement more DeFi solutions to its wallets, as well as develop new products and strengthen its cloud-based digital asset custody service.
- The so called Visa Crypto Life card will be launched in the U.K., Germany, and France in Q1 of 2022, while the U.S. release is scheduled for Q2.
- Ledger also partnered with FTX, giving its Ledger Live users access to the exchange’s liquidity, leverage, and trading options.
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- Paraswap will aggregate data from DEXs like Uniswap, Compound, and Sushiswap to provide the best prices and lowest fees.
- Users private keys will remain secure with their Ledger hardware wallets while swapping through the Ledger Live app.
- The new option will ensure lower fees when swapping assets through the Ledger Live app.
- Floating swaps also increase the swap limit from $50,000 to $5 million per transaction.