Major hardware maker Ledger has said it intends to launch a crypto debit card, start supporting non-fungible tokens (NFT), and announced a partnership with two major exchanges, Coinbase and FTX.
The company made several announcements today during the Ledger Open conference in Paris.
First, Ledger announced the launch of a crypto debit card called the Crypto Life card, which they claim will allow users to pay for crypto assets at over 50 million retail and online stores.
Launch of a crypto debit card called Crypto Life card NFT
The card should be available to customers in the UK, France and Germany in the first quarter of 2022. It is slated to be shipped to the US by the second quarter. For now, interested users can join the waiting list.
Ledger clarified that the card will support crypto assets such as BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH, and LTC.
Meanwhile, the cryptocurrency hardware maker has also signed partnerships with two major cryptocurrency exchanges. As part of a partnership with Coinbase, the exchange will integrate Ledger hardware wallets, allowing users to store their cryptocurrencies on their own.
The first phase of the partnership is due to roll out in the first quarter of 2022, allowing users of the Coinbase Wallet browser extension to connect to their Ledger wallets. Going forward, users of the Coinbase mobile app will be able to connect to Ledger wallets.
“It’s no secret that they [Coinbase] are investing in their software wallet. We are very pleased to announce that Coinbase software wallet is adding support for Ledger, ”said the wallet manufacturer.
Finally, Ledger announced that it has teamed up with FTX to provide leveraged trading through the Ledger Live app.
Explaining the partnership in detail, Ledger said the partnership will provide Ledger Live users with liquidity, leverage and FTX trading capabilities, allowing them to trade 300 pairs of digital assets with low commissions while they control their assets.