Global payments giant PayPal has partnered with leading hardware wallet maker Ledger to offer a fiat onramp for US users. This means US PayPal users will be able to purchase cryptocurrencies directly from their PayPal account using their linked bank account or debit card.
The new integration is available to Ledger Live users in the United States who are over 18 and have a PayPal account. to use the Service; Users need to link their Ledger Live account to their PayPal account and select the cryptocurrency they want to buy. PayPal will convert the user’s fiat currency into cryptocurrency and deposit it into their Ledger Live wallet.
The partnership between PayPal and Ledger is a significant development for the cryptocurrency industry. This makes it easier for US users to buy cryptocurrencies, which could help drive adoption of the asset class. The partnership also highlights the growing popularity of cryptocurrencies among mainstream investors.
PayPal’s entry into the cryptocurrency market has been met with mixed reactions. Some people have praised the company for making it easier to buy cryptocurrencies. Some have criticized the company for not taking enough steps to protect users from fraud and other risks.
Only time will tell how the partnership between PayPal and Ledger will affect the cryptocurrency market. However, The new merger is a positive development for the industry and could help make cryptocurrencies more accessible to mainstream investors.