- MoonPay, Wyre, and Coinify were some of the earlier gateway services available.
- Users who have already purchased crypto using PayPal do not need extra KYC.
Ledger, a crypto wallet provider, has announced a new on-ramp solution in partnership with PayPal. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin may now be purchased using a PayPal account by Ledger Wallet owners. These purchases will be credited immediately to their Ledger wallets, skipping any intermediate accounts.
Users who have already purchased cryptocurrencies using PayPal do not need to provide any extra identification information while making a transaction in Ledger Live. It’s made for both crypto newbies and seasoned pros.
New Era of Asset Advancement
MoonPay, Wyre, and Coinify were some of the gateway services available to ledger users in the past. Incorporating a major business like PayPal, however, is a major achievement for the French company. Pascal Gauthier, Chairman & CEO of Ledger, released a statement emphasizing the company’s commitment to removing the mystery surrounding cryptocurrencies.
Ledger CEO Pascal Gauthier stated:
“Both PayPal and Ledger prioritize delivering secure, efficient, and rapid transactions globally. With over two decades leading the digital payment evolution, PayPal’s expertise complements our mission in this new era of asset advancement through our integration.”
Ledger has hinted that further capabilities resulting from this partnership with PayPal may be unveiled in the near future. Despite new financial initiatives by Apple and Google, as well as rising powerhouses like Block, founded by former Twitter CEO Jack Dorsey, PayPal looks to be picking up the pace in the crypto sector. PayPal USD (PYUSD), a stablecoin built on Ethereum, was recently introduced by the online payments giant.
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