Posted 2 years ago | by Ben Armstrong
Ledger Partners with Crypto.Com to Expand its Crypto Payment Options
Ledger customers will be able to pay by using Crypto.com’s wallet app. This represents a big step forward for Crypto.com, and will make its platform available to one of the best hardware wallets in the world.
On April 9, Leading hardware wallet producer Ledger announced that the firm accepted payment in Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), and Crypto.com Coin (CRO) via Crypto.com’s application.
The firm previously already accepted Bitcoin, Bitcoin Cash, Ethereum and XRP via their crypto payment processor, Bitpay.
Ledger signed a memorandum of understanding with Crypto.Com back in December 2018, which allowed Ledger’s customers to purchase products with digital currency by using Crypto.com’s service.
Crypto.com and Ledger Working Together
According to a separate announcement, Ledger added that the first 20 users will receive a limited edition Crypto.com Ledger Nano S by purchasing via new payment method. Users who purchase Ledger hardware wallets from now until May 31 by using Crypto.com will also have access to 20% cashback when they pay with CRO.
Blockchain technology adoption is most important in payments. However, crypto is not common to use for direct payments. According to the Cointelegraph report, under 1% of Australians used cryptocurrencies to pay for services last year.
In March, the major cryptocurrency firm Bakkt announced a new direct payment integration allowing customers to pay for Starbucks’ coffee with Bitcoin. By connecting a proven hardware wallet maker with Crypto.com, people now have a great way to store their tokens, and also spend them at numerous places globally.
Check Out Crypto Earn
Crypto.com is also offering people a great way to create returns on their tokens. By staking tokens with Crypto Earn, investors can earn up to 8% per year on staked token deposits (ex. BTC).
There are also other staking programs for selected stable coins, as well as CRO. When selected stablecoins are staked, the interest paid rises. These staking programs are great for investors that want to hold on to their tokens for the long run, and also want to be paid interest.
Staking is a good way to address one of the issues that crypto face, which is a lack of interest. Fiat currency can provide interest, although most don't at the moment. In this way, crypto look like a vastly superior way to save.
Crypto investors can make upwards of 8% per year with Crypto Earn, which is impossible to find in the world of fiat currency. If you want to learn more about Crypto Earn, just click right here for more information!