Pocket Ledger Provider Launches Encrypted Debit Card

Cryptocurrency Wallets and Providers Ledger has introduced a new debit card that allows consumers to make purchases and services using their digital devices, which may open the door to more payment service transactions. cryptographic.

Last Thursday, Ledger announced the Crypto Life card, also known as “CL,” at their two-year Op3n conference. The debit card connects to the desktop and the Ledger Live mobile app, allowing Ledger users to buy, trade and validate cryptocurrency. The CL card supports a variety of cryptocurrencies including Bitcoin, Ethereum, and USDC and USDT stable currencies.

Cardholders can exchange cryptocurrencies immediately for consumer fiat benefits, or use digital assets as a pledge to secure a line of credit. The latter option allows cardholders to use their debit card without having to sell cryptocurrencies. Users can also deposit their wages and convert them to BTC and ETH on demand by selecting their percentage of income.

The CL Card is expected to debit in the UK, France and Germany in the first quarter of 2022 and in the US in the second quarter of 2022.

Before entering the debit card market, Ledger turned to the decentralized finance (DeFi) market. The company is known for its Ledger Nano S and Nano X hardware wallets. In June of this year, the company reached an equity balance of $ 380 million, bringing the total value to $ 1.5 billion.

Online e-merchant Newegg continues to expand its reach for crypto payments and accepts SHIB payments.

-Cointelegraph (@Cointelegraph) 1er novembre 2021

The payout is very attractive but is not available in the crypto industry data. However, this situation seems to be slowly changing as big players like Mastercard enter the crypto payment platform. At the same time, cryptocurrency provider BitPay recently partnered with the MetaMask browser extension to provide payment gateways to tens of millions of new users.