Ledger Partners Up With Crypto.Com To Expand Crypto Payment Options

Ledger, one of the world’s leaders in hardware wallet production, will now make it possible for its online customers to issue out payments through the use of Crypto.com’s wallet app.

A Long Time Coming

According to an announcement made on the 9th of April, 2020, the firm has now chosen to allow for payments through Crypto.com’s application. Particularly, payments can be accepted through Crypto.com Coin (CRO), Ethereum (ETH), Bitcoin (BTC), Buy Ripple, as well as Buy Litecoin. What’s important to note, is that this isn’t the first time Ledger has made it possible for its customers to pay through crypto. As it stands now, they already accept payments through Bitpay, with the payment processor allowing for BTC, Bitcoin Cash (BCH), XRP, and ETH to be used as payments.

It was back in December of 2018 when the two firms came together for the first time. Back then, they signed a Memorandum of Understanding (MoU), which was made to allow the customers of Ledger to purchase its products through the use of cryptocurrency services that Crypto.com could provide.

Rewards For One, Rewards For All

Through a separate announcement Ledger had made, the company made it clear that the first 20 users that make a purchase through this new payment edition will recieve a reward. This reward would be none other than a limited edition Crypto.com ledger Nano S. Furthermore, Ledger users purchasing through Crypto.com’s payment processor, will have access to a 10% cashback, which will continue until the 31st of May, 2020. Of course, terms and conditions apply to this offer and has been capped at €50 in CRO per individual purchase.

One of the most essential use cases for blockchain technology is, as you would guess, payments. With all this talk of direct payments, it’s easy to overestimate the number of direct payments made in comparison to media coverage thereof. Back in March this year, the Reserve bank of Australia pointed out that only 1% of its populace leverages cryptocurrencies as a form of direct payment, instead of selling it for AUS and buying things like that.

A Growing Trend

In similar news, Bakkt announced back in March of this year that it would enact direct payment integration. This integration would be done for none other than Starbucks, who will now be capable of accepting payments through Bitcoin.

Mainstream integration of the crypto industry has yet to come to pass, but the world at large seems to be making the connections needed to enact it when the time finally comes.

Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.