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Ledger unveils crypto-native debit card, adds support for NFTs Ledger unveils crypto-native debit card, adds support for NFTs

Ledger unveils crypto-native debit card, adds support for NFTs

The crypto wallet maker kicked off its two-day Ledger Op3n conference with a swathe of big reveals.

Ledger unveils crypto-native debit card, adds support for NFTs

Photo by Max Saeling on Unsplash

Hardware crypto wallet manufacturer Ledger has made a slew of announcements during the first day of its Ledger Op3n conference in Paris, including the upcoming launch of its brand new crypto-linked debit card and support for non-fungible tokens (NFTs).

Dubbed โ€œCrypto Life,โ€ the new debit card is powered by Ledgerโ€™s technology and will allow holders to seamlessly spend and receive cryptocurrencies without having to sell or buy them first.

The card will also be integrated into the Ledger Live software (also used in Ledger Nano hardware wallets), allowing its holders to track their portfolios as well as โ€œbuy, trade, access the worlds of Defi and NFTs, and more.โ€

โ€œEveryone should be empowered to truly own their money, and this new card expands the number of ways to not only get paid in cryptocurrency, but transact with it anywhere,โ€ said Ledger CEO Pascal Gauthier in an announcement shared with CryptoSlate today.

Residents of the U.K., France, and Germany will be able to get their hands on โ€œCrypto Lifeโ€ in the first quarter of 2022 while Americans will have to wait until Q2. At launch, the card will support Bitcoin (BTC), Ethereum (ETH), Rippleโ€™s XRP, Baanx (BXX), Bitcoin Cash (BCH), Litecoin (LTC), and stablecoins such as USDT, EURT, and USDC.

NFTs on the go

Another big announcement is the addition of NFT support to Ledgerโ€™s wallets, albeit still in โ€œan experimental mode.โ€ Starting already this month, hardware wallet users will be able to view, send, and receive NFTs in Ledger Live.

To this end, Ledger has teamed up with NFT marketplace Rarible and plans to launch โ€œa unique Discover sectionโ€ in January 2022. This integration will allow users to connect their Ledger wallets to Rarible and manage their NFTs directly within Ledger Live, the company explained.

โ€œOur integration with Ledger, leveraging its state-of-the-art security, marks a major milestone in our mission to improve how users interact with their NFTs, and will provide NFT holders with an increased sense of comfort knowing their digital collectibles are safely stored,โ€ noted Alex Salnikov, co-founder and head of product at Rarible.

Single-window trading

Finally, Ledger has announced new partnerships with two major U.S. cryptocurrency trading platformsโ€”FTX and Coinbase. As a result of the former, Ledger users in 150 countries will be able to trade across 300 digital asset pairs on FTX directly through the Ledger Live application.

Meanwhile, users of the Coinbase Wallet browser extension will gain the ability to self-custody their crypto with Ledger hardware wallets.

โ€œWeโ€™ll start rolling out support for hardware wallets in the Coinbase Wallet Extension early next year, and weโ€™re excited to share more announcements on how weโ€™re making Coinbase Wallet the safest and most secure way to participate in Web3 over the coming months,โ€ added Max Branzburg, VP product at Coinbase.

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