Ledger announces US PayPal integration, allowing users to buy XDC Crypto, Uphold Crypto, TrueFi Crypto, and more.
Ledger announces U.S. PayPal integration, lets users buy crypto from within app

Ledger and PayPal Integration

Hardware wallet manufacturer Ledger has recently partnered with PayPal to integrate its Ledger Live software, as announced on Aug. 16. This integration allows U.S. citizens with verified PayPal accounts to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Veracity (XDC), Wonderland (WONDER), Uphold (UPHOLD), TrueFi (TRU), and XDB (XDB) directly through Ledger Live, without the need for additional verification.

Ledger Live previously offered users the option to buy crypto through partners MoonPay, Transak, Ramp, Simplex, Loopipay, and Mercuryo. The addition of PayPal to this list ensures that crypto transactions are simpler and secure. As soon as a user purchases crypto through PayPal via Ledger Live, it is instantly sent to the user’s wallet, eliminating the need for any withdrawal process.

Ledger Chairman and CEO Pascal Gauthier believes that the combination of Ledger Live and PayPal will make crypto transactions easier and secure. The company has sold over 6 million Ledger Nano hardware wallets since 2016, making it one of the top hardware wallet manufacturers. However, it faced some criticism in May when it launched a secret recovery phrase storage service, leading to confusion among users. The team attempted to mitigate the criticism by clarifying how their wallet works.

On Aug. 7, PayPal declared the launch of a stablecoin called PYUSD, yet the Aug. 15 statement does not include PYUSD among the coins to be accessible on Ledger Live at the moment.

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