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Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

Users of Ledger Live, the company’s feature that lets you buy crypto with fiat currency, will now be able to connect their PayPal account to the app.

By Helene Braun
AccessTimeIconAug 16, 2023 at 1:00 p.m. UTC
Updated Aug 16, 2023 at 2:59 p.m. UTC
Ledger wallet (Amjith S/Unsplash)
Ledger wallet (Amjith S/Unsplash)
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Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.

Ledger Live allows users to buy crypto with fiat currency and deposit tokens directly to the hardware wallet. With the integration of PayPal, users will now be able to link their PayPal account without any extra verification.

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    • “We’re combining the uncompromising security of Ledger with PayPal's leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions,” Ledger CEO Pascal Gaithier said in a statement. “Ledger is committed to simplifying the world of crypto and PayPal is committed to making the movement of money as simple, reliable and affordable as possible.”

    Ledger Live currently offers four crypto currencies in the United States, including bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).

    The announcement marks another push from PayPal into the crypto ecosystem.

    The payments giant announced the launch of its own stablecoin PayPal USD (PYUSD) earlier this month in an effort to contribute to the growth of digital payments.

    Edited by Bradley Keoun.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Helene Braun
    Helene Braun

    Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

    Follow @HeleneBraunn on Twitter

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