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
675
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?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024