Wednesday, 19 June 2024

Crypto News

Ledger and Coinbase forge integration to streamline crypto purchases

Ledger and Coinbase forge integration to streamline crypto purchases

  • Ledger and Coinbase streamline crypto purchases with Coinbase Pay integration.
  • Users can now receive crypto purchases directly on Ledger hardware wallets.
  • The collaboration aims to simplify the self-custody process and increase accessibility.

Hardware wallet provider Ledger has joined forces with cryptocurrency exchange Coinbase to simplify the process of purchasing and transferring digital assets.

The collaboration introduces Coinbase Pay into Ledger Live, offering users a seamless way to receive their crypto purchases directly on their Ledger hardware wallets, eliminating additional fees and streamlining the overall experience.

Coinbase Pay integration into Ledger Live

Ledger users can now benefit from a more user-friendly and efficient process, thanks to the integration of Coinbase Pay into the Ledger Live application. The integration addresses the complexities previously associated with transferring crypto assets from exchanges to self-custody wallets, providing a hassle-free solution for users.

Ian Rogers, Chief Experience Officer at Ledger, emphasized the significance of the integration, comparing it to how travel agency Skyscanner simplified travel bookings. The streamlined process not only reduces the risk of errors but also enhances accessibility for both experienced users and newcomers to the world of self-custody.

Acknowledging the ongoing debate among crypto purists about the necessity of self-custody, Rogers emphasized that users now have a choice when it comes to securing their digital assets. The collaboration with Coinbase Pay demonstrates that users can opt for digital ownership through self-custody or choose alternative wallets, mirroring the diversity of bank accounts. The aim is to make the experience simple and appealing, particularly for those who are new to self-custody. With a straightforward and confident tone, Rogers highlighted that this integration is a step toward advancing the narrative of digital ownership, even as centralized exchanges continue to play a role in the crypto landscape.

Anticipating user influx as market enters new cycle

As the crypto space enters a new cycle with the recent launch of spot Bitcoin exchange-traded funds (ETFs), Ledger anticipates an influx of new users. While these users may initially engage with ETFs, the hardware wallet provider hopes to encourage them to explore and…

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