Cryptocurrency custodian company “Ledger” announces a crypto debit card…details here
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Answer Cryptocurrency custodian company “Ledger” announces a crypto debit card…details here
Ledger is a company that develops infrastructure and security solutions for cryptocurrencies, as well as blockchain applications for businesses and individuals.
The company is known for its offline cryptocurrency hardware wallets (Nano S, Ledger Blue and Nano X).
The hardware wallet manufacturer held the “Ledger Op3n” conference in Paris yesterday.
as part of the event, revealed The company announced multiple new partnerships with crypto companies and created its own crypto debit card.
Perhaps the most exciting reveal of the event was Ledger’s new Visa card called the Crypto Life card.
The card is issued by Baanx, a subsidiary of Contis Financial Services, supports many cryptocurrencies, and can be tracked through a companion program called Ledger Live.Read:Report: Bitcoin Whales Continue Collecting As Bitcoin Supply Moves Into Stronger Hands
According to one Ledger executive, the card was created because the company needed to start focusing on spending.
He said that if all goes according to plans, the card holder will be able to receive his salary into his account and automatically transfer it to crypto starting next year.
In addition to revealing the Ledger debit card, the company also announced:
- The Ledger Nano S wallet will receive an upgraded model called the Nano S Plus.
- The Nano S Plus will have more memory capacity, along with a more developer friendly approach (developers will be able to test the device instead of having to use an emulator).
- A new hardware wallet may also be launched in 2022 or 2023.
- FTX is integrated into Ledger Live.
- The second version will have full exchange functions.
- Coinbase now supports Ledger wallets.
- Rarible is also integrated into Ledger so that owners can buy and sell NFT
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