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

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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.

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