Ledger launches a crypto debit card
The holders will be able to convert cryptocurrencies into fiat money instantly, as well as obtain credit using digital assets as collateral
09.12.2021 - 13:45
684
1 min
0
What’s new? Ledger, a provider of cryptocurrency wallets and infrastructure, has introduced a new debit card that allows the purchase of goods and services using digital assets. This potentially opens the way to a wider introduction of crypto payment services, as the company's CEO Pascal Gauthier posted on its Twitter account.
Ladies and Gentlemen, The Crypto Life card is here. Spend your crypto anywhere, anytime. And the waiting list is open: https://t.co/gcT4a80flb #LedgerOp3n pic.twitter.com/EarRHO00Hl— Pascal Gauthier (@_pgauthier) December 9, 2021
What is known about the project? The Crypto Life (“CL”) card, was presented at Ledger's biennial Op3n conference. The debit card is linked to the Ledger Live application, which allows users to buy, exchange and bet on cryptocurrencies. “CL” supports several cryptocurrencies such as BTC, ETH and USD Coin, and Tether stablecoins.
What are the advantages of using it? The cardholders will be able to convert cryptocurrencies into fiat money instantly, as well as obtain credit using their digital assets as collateral. The users will be able to deposit their salaries and choose the percentage of their income they want to convert to BTC and ETH. The card will be launched in the first quarter of 2022 for users in the UK, France, and Germany, followed by the US rollout in the second quarter.
Useful material?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024