Busy Day For Ledger as It Announces Crypto Debit Card, NFT, Coinbase, and FTX News
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Major hardware maker Ledger said it aims to launch a crypto debit card, start supporting non-fungible tokens (NFTs), and announced partnerships with two major exchanges, Coinbase and FTX.
The company made multiple announcements today, during the Ledger Open conference in Paris.
First, Ledger announced the launch of a crypto debit card called the Crypto Life card, which, they claim, will enable users to pay using cryptoassets at more than 50 million retailers and online stores.
The card should be available to clients in the UK, France, and Germany as soon as Q1 2022. It is slated to reach the US by the second quarter. As of now, interested users can join the waitlist.
Ledger detailed that the card will support cryptoassets such as BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH, and LTC.
The company also revealed its intentions to add NFT support by early 2022 and offer a wallet for NFTs, enabling users to “store, visualize, manage and enjoy full ownership of their NFTs.”
Ledger said that they have already integrated Rarible, an NFT marketplace, into their Ledger Live app. The firm added that users will be able to use all of Rarible’s features starting in January 2022.
"Today I am pleased to announce that we are making #NFTs first class citizens in our products. From Ledger Live all the way to Ledger wallets. We want Live to be THE place where you see ALL of your #Web3 value. From the top marketcap coins to NFTs." – @CharlesSWE #LedgerOp3n
— Ledger (@Ledger) December 9, 2021
Meanwhile, the crypto hardware maker has also inked partnerships with two major crypto exchanges. As part of the partnership with Coinbase, the exchange will integrate Ledger hardware wallets, enabling users to self-custody their crypto holdings.
The first phase of the partnership should be rolled out in Q1 2022, allowing users of the Coinbase Wallet browser extension to connect to their Ledger wallets. Further down the road, users of the Coinbase mobile app should be able to connect to Ledger wallets.
“It’s no secret they [Coinbase] are investing in their software wallet. We are very proud to announce the Coinbase software wallet is adding Ledger support,” the wallet maker said.
Lastly, Ledger revealed that it has joined forces with FTX to enable leverage trading through its Ledger Live app.
Detailing about the partnership, Ledger said that the partnership will bring FTX’s liquidity, leverage, and trading options to Ledger Live users, enabling them to trade across 300 digital asset pairs with low fees while they are in control of their holdings.
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