Ledger introduced cryptocurrency debit cards for consumers in the United States and some European countries.

Ledger, known for its wallet hardware, announced Thursday that it will be launching a cryptocurrency debit card called Crypto Life.

Ledger said in a press release that cardholders will be able to pay in cryptocurrency at more than 50 million stores and online stores.

The move reflects the thinking of cryptocurrency companies to meet growing demand and use cryptocurrencies as a medium of exchange rather than market value.

Cardholders can open a line of credit and use cryptocurrency as a commodity to get cash to use on their card. Interest rates start at 0% and vary by region.

Ledger said earlier this year that it had raised $ 380 million in Series C funding, which at the time would be used to expand services.

The card will be available to consumers in England, France and Germany in the first quarter of 2022, and to US customers in the second quarter. The company said Crypto Life will start supporting BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH, and LTC. The waiting list is now open.

Ledger chief executive Ian Rogers told CoinDesk that the company was initially only an option for "HODL", but users "wanted to do more with cryptocurrency."

Rogers added that Ledger cards and their operations are a step towards replacing traditional bank accounts.

Baanx Financial Technology provides project management and project development for the card.