Key Takeaways
- If you’re in the U.S., you can now buy Bitcoin using Ledger Live.
- The purchased Bitcoin goes directly into wallet
- This partnership combines the best of both worlds.
Ledger, the company famous for creating hardware wallets, has teamed up with PayPal to make buying Bitcoin a whole lot simpler. The two companies made a joint announcement today, and it’s all about making your cryptocurrency experience smoother. Let’s dive into the details:
If you’re living in the United States and have a verified PayPal account, you’re in luck. You can now use your trusted PayPal account to purchase Bitcoin. Before this partnership, you could use Ledger Live to buy cryptocurrencies through services like MoonPay, Transak, and others. But now, PayPal is joining this group.
Ledger Live Magical Tech
Things get interesting here: When you buy Bitcoin using your PayPal account through Ledger Live, the purchased Bitcoin goes straight into your wallet. You don’t need to go through any extra steps to transfer it. It’s like having your digital coins magically appear where you want them – all thanks to smart technology.
Pascal Gauthier, the big boss at Ledger, is pretty excited about this collaboration. He says combining wallets’ strong focus on keeping your crypto secure with PayPal’s reputation for safe payments creates a seamless and protected way for you to buy and hold Bitcoin. It’s like a superhero team-up for your finances. He stated
“We’re combining the uncompromising security of Ledger with PayPal’s leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions. The platform is committed to simplifying the world of crypto and PayPal is committed to making the movement of money as simple, reliable and affordable as possible.
Pascal Gauthier
A Good Future Ahead
Speaking of Ledger, they’ve been around since 2016 and have sold more than 6 million of their hardware wallets. That’s quite a number! Moreover, recently PayPal announced its plans to introduce a special type of digital money called PYUSD. For now, Ledger Live won’t have that particular digital currency available for purchase. But hey, who knows what the future holds? Maybe PYUSD will find its way onto the Live version eventually.
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