Ledger Bitcoin Hardware Wallet Maker to Accept Crypto Payments with Crypto.com Partnership

Earlier yesterday, a spokesperson for crypto-wallet manufacturer Ledger announced that his firm had recently signed an MoU (Memorandum of Understanding) with payment startup Crypto.com in an effort to allow customers to pay for Ledger’s hardware wallets using a plethora of different alt-currencies.

We are pleased to announce that Ledger will implement https://t.co/vCNztABJoG Pay  -  powered by the https://t.co/vCNztABJoG Chain  -  onto its https://t.co/DPWAJpcG0A online store @LedgerHQ! Find out more: https://t.co/8hXsPvaxhc (updated) pic.twitter.com/RMra13Xii5

— Crypto.com (@cryptocom) December 20, 2018

According to a press release available on the internet, Hong Kong based Crypto.com has incorporated Ledger’s native product offerings onto its interface— as a result of which, customers will now have the power to buy hardware wallets such as the Nano S, Ledger Blue using Crypto.com’s Wallet and Card applications.

With that being said, it is worth mentioning that the aforementioned press release does not clearly state which digital assets will be supported by the new system (however, the current iteration of Crypto.com’s native wallet allows for the use of seven fiat currencies as well as six crypto-coins.)

The compatible altcoins include:

• Bitcoin (BTC)
• Ripple (XRP)
• Ethereum (ETH)
• Litecoin (LTC)
• Binance Coin (BNB)
• Monaco (MCO),
• Chain Token (CRO) — Crypto.com’s native token offering

More On The Matter

After news of the partnership broke, Ledger CEO Éric Larchevêque took to the internet to say that introducing a “crypto payment option” for his company’s products was quite “natural”. Not only that, he also told a respected media outlet that a lot of Ledger’s customers had been looking for such a payment avenue for the past year or so.

Lastly, some our regular readers may remember that earlier last month, Ledger officially added support for a host of new digital currencies to its Nano S device (including the privacy focused alt-coin Monero (XMR) and Bitcoin Cash (BCH).

Final Take

In closing out this news piece, it is worth noting that that Ledger recently opened a new office in New York in an effort to foster its very own “institution-targeted custody offering” called Ledger Vault. To lead this venture, the firm has brought on board Demetrios Skalkotos, a former executive who has worked for ICE (Intercontinental Exchange).