PayPal and Ledger Unite, Giving Access To Crypto In The U.S.

in lsdkhls •  last year 

PayPal, one of the largest online payments, offers support for cryptocurrencies. The digital wallet provider announced today that it has partnered with a company called Ledger to start offering cryptocurrency trading.

PayPal's new service will allow users to send and receive digital assets from his PayPal account. According to the company, customers can now use Ledger hardware wallets, which are used to store cryptocurrencies such as Bitcoin and Ethereum, to pay with their PayPal accounts.

We are thrilled to partner with Ledger to bring this service to our customers, said Bill Ready, PayPal's senior vice president of product management, in a press release. “This integration will allow us to further accelerate crypto adoption by making it accessible through our global network and trusted brands.”

PayPal has been testing cryptocurrency payment options since March. But today's announcement shows that PayPal is expanding its support for all kinds of digital assets beyond Bitcoin and Ethereum.

“More and more companies are entering this space,” said James Morehead, marketing director at Coinlist, which helps startups deal with government regulatory issues related to digital currencies such as Bitcoin. It's been an interesting few months.

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