Cryptocurrency exchange Coinbase and digital asset platform Ledger have teamed up to add Coinbase Pay to the Ledger Live app.
The integration means Ledger Live users will be able to purchase digital assets directly from Coinbase without having to transfer cryptocurrencies from a hardware wallet first. This also means that Ledger Live users can purchase assets on Coinbase via a variety of payment methods, including ACH, Visa, and Mastercard, and have them automatically transferred to their Ledger device.
Ledger has sold about 6 million of its hardware wallets. Considering that some cryptocurrency users hold more than one cryptocurrency, Ian Rogers, the company’s chief experience officer, said that only about 10 million people worldwide hold cryptocurrency, including those using devices sold by competitors. I assume you have embraced the idea of self-storage for your assets.
Self-managing your cryptocurrency means maintaining private keys that, combined with the public keys assigned to your wallet, allow you to use, trade or transfer your assets. A managed wallet allows your private keys to be held by a third-party company, such as a cryptocurrency exchange or software wallet company.
“The reality is: why use cryptocurrency if not for self-custody?” he said during the conversation decryption Earlier this week. But he doesn’t dogmatically claim that self-storage is the only way users should store their bitcoins.
He compared the different ways to store cryptocurrencies to the different number of bank accounts a family can have. Few families entrust all their assets to one or one type of account.
“Welcome to real life where you do something with this service and something with that service,” Rogers said. “The great thing about cryptocurrencies and digital assets in general is that you have choices.” “And in the end, you also get ownership.”
The Ledger executive added that there are more plans for the partnership. He hinted that this year users will see the ability to set up recurring purchases from Coinbase through the Ledger Live app. This is a feature Coinbase users can already perform directly on the exchange.