Hardware Wallet Provider Ledger and Cryptocurrency Exchange Coinbase Join Forces to Enhance Crypto Transactions
Hardware wallet provider Ledger and cryptocurrency exchange Coinbase have partnered to integrate Coinbase Pay into Ledger Live, streamlining and securing cryptocurrency transactions. This collaboration aims to simplify the process for users and promote mainstream adoption of cryptocurrencies.
The Pathway to Simplify Crypto Transactions and Self-Custody
The collaboration allows users to transfer their existing crypto assets and conduct transactions directly from their desktop or mobile devices. Additionally, users can receive their crypto purchases directly on their Ledger hardware wallets.
By integrating Coinbase Pay into Ledger Live, users can seamlessly conduct transactions within the Ledger Live interface, making it easier to buy and transfer cryptocurrencies. This integration enhances convenience and security, reducing the risk of errors in fund withdrawal or wallet address copy-pasting.
The partnership signifies the importance of centralized exchanges like Coinbase in the crypto industry, even as many advocate for self-custody of assets. The collaboration simplifies the process of buying crypto and transferring it to a self-custody wallet.
Leveraging Security and Convenience
Ledger is a global platform for digital assets and Web3, known for its digital asset security. With over 6 million devices sold in 200 countries, Ledger serves more than 100 financial institutions and brands, safeguarding approximately 20% of the world’s crypto assets.
The integration of Coinbase Pay into Ledger Live enhances security and simplifies the purchasing process. Users can now receive crypto purchases directly on their Ledger devices.
The collaboration between Ledger and Coinbase emphasizes consumer choice, allowing users to opt for digital ownership through self-custody if they prefer. The integration offers unparalleled convenience by enabling direct receipt of crypto purchases from Coinbase on Ledger devices.
This partnership aims to make managing crypto assets more user-friendly, especially for those new to self-custody.
Lauren Dowling, Head of Product at Coinbase Developer Payment Services, stated that Coinbase is dedicated to providing trusted onramps and infrastructure for crypto enthusiasts.
This integration simplifies the crypto purchase process, allowing users to buy crypto directly within Ledger Live and withdraw to Ledger devices with ease.
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