- Uphold’s Topper integrates with Ledger’s hardware wallet Ledger Live software to provide seamless fiat-to-crypto transactions.
- The integration aims to challenge traditional banking and improve cryptocurrency accessibility.
- After integration, Ledger hardware improves user options by providing only 14 onramps and 1 offramp.
In a significant move to improve cryptocurrency accessibility, Uphold’s fiat-to-crypto onramp, Topper, has officially integrated with leading hardware wallet, Ledger Wallet.
Say hello @TopperbyUpholdOur latest purchasing provider has been integrated into Ledger Live!
This means you have another way to easily and securely purchase cryptocurrency with Ledger Live! https://t.co/Zy4Kf0jnT8
— Ledger (@Ledger) September 26, 2024
This integration is set to transform the way users engage with digital assets, allowing seamless fiat-to-crypto transactions directly through the Ledger Live application.
Topper’s integration expands the purchasing options available within Ledger Live, now supporting over 200 digital assets. Users can now purchase cryptocurrencies like Bitcoin using fiat currencies like the U.S. dollar, making it easier to enter the cryptocurrency market.
Ledger Wallet expands onramp options.
Ledger has long been considered the standard for hardware wallets, selling more than 7 million devices since its launch in 2014.
Jean-François Rochet, Vice President of International Development at Ledger, emphasized the importance of this partnership, saying, “This integration creates a balanced combination of localized and global services for our users.”
Ledger currently offers 14 onramp solutions, which is significantly more than just one offramp option. These differences highlight the company’s ongoing efforts to improve user experience by expanding its fiat, cryptocurrency, and geographic reach.
The integration also aims to challenge traditional banking services, with Topper CEO Robin O’Connell noting that the partnership is consistent with Uphold’s mission to provide a modern alternative to traditional banking. With Topper, users can enjoy higher approval rates and a simplified payment process, further encouraging cryptocurrency adoption.
Uphold’s commitment to transparency and security has earned it a reputation as one of the most compliant platforms in the industry. The company uniquely routes orders across 30 trading venues, ensuring optimal execution and liquidity while maintaining 100% of reserved assets. This approach not only improves user trust, but also sets Uphold apart in an increasingly competitive environment.
Ledger’s hardware wallet does not require Know Your Customer (KYC) identification for transactions, but integration requires KYC verification for the onramp service provided by Topper. O’Connell emphasized the importance of a streamlined onboarding experience with the goal of efficiently verifying users without burdening them with extensive requirements.
As the digital asset landscape continues to evolve, Uphold’s integration of Topper with Ledger Live represents a pivotal step toward making cryptocurrencies more accessible and user-friendly. As financial technology continues to advance, both companies are poised to reshape the way individuals interact with their money, providing a secure and innovative alternative to the traditional banking system.