The new Ledger card is expected to launch in early 2022 for users in the European Union and later in the United States.
The hardware wallet a place where cryptocurrency users can store, send and receive digital assets. manufacturer,Ledger a record of financial transactions that cannot be changed, only appended with new transactions.is launching a new digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. debit card called ‘.Crypto Life‘.
The company announced the new product on Thursday during the conferenceLedger Op3nwhich is being held in Paris. According to the presentation, which was quoted by several news media, this is a tarjeta Visa issued in association with Baanxa financial technology company will provide program management and infrastructure for the new product.
The official Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ ofLedgerwho has been covering the event, reported:
We’re launching the Crypto Life card, powered by Ledger, in partnership with BaanxGroup. Podrá administrar su vida criptográfica a través de su billetera Ledger , convert to fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. at the time of purchase and more.
BREAKING: We are launching the Crypto Life card, powered by Ledger – in partnership with @BaanxGroup . You’ll be able to manage your crypto life through your @Ledger wallet, convert to fiat at time of purchase, and more.
Join the waitlist here: https://t.co/tkRq6oL1gM #LedgerOp3n
— Ledger (@Ledger) December 9, 2021
The card will allow users to pay with cryptocurrencies to more than 50 million retailers and online stores, saidLedger in a press release that was quoted byCoinDesk.
Ledger launches new Visa card
Users will be able to use the newLedger para gastar directamente sus criptomonedas en compras o utilizarlas como garantía para créditos en efectivo. En particular, los holders may apply for a line of credit for 30 days depending on the digital currency they hold, with interest rates ranging from 0%. Rates will depend on the jurisdiction.
The vice president of payments forLedgerIqbal Gandham, also added that users will be able to transfer cryptocurrencies to the card through the platform.Ledger Livewhich connects to the devicesLedger mediante cable o Bluetooth, según el dispositivo. Ledger will then convert the crypto funds to fiat directly from a point of sale for payment to merchants.
As such, the card will support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. a handful of cryptocurrencies includingBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC),Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH),Litecoin (LTC),Bitcoin Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term.(BCH), XRP, as well as the stable coinsTether (USDT),USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (USDC); among others.
The new Visa product is part of a broader effort byLedger to transform from a wallet maker into a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. platform a place to buy, sell and store cryptocurrency with a vision to the payments sector. “We need to start focusing on spending“commented Gandham as quoted byThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain..
According to reports, the card ‘Crypto Lifewill initially be available to customers in the UK, France and Germany in the first quarter of 2022. By the second quarter of next year it will be launched in the US market. For the time being,Ledger has invited interested persons to register on a waiting list.
NFT and other expansion announcements
During Thursday’s event, the wallet maker also made other notable announcements. Among them,Ledger introduced an update to its popular modelLedger Nano S. The new version, the Nano S Plus, will provide improvements over its previous version, including a larger memory capacity. The company also indicated that it is working on another hardware project that could be announced by 2022 or 2023.
On the other hand,Ledger indicated that he is working to make the shipment oftokens (NFT) between wallets is more secure. As quoted byThe BlockCharles Hamel, vice president of product forLedgersaid on stage that developers are working to make NFT transactions more detailed so that users don’t have to sign the transactions.blindnone
In another notable announcement for collectibles users, the company said that it has integrated the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. market an area or arena, online or offline, in which commercial dealings are conducted. Rarible en Ledger Liveso the owners ofLedger will now be able to buy and sell NFT while using the hardware wallet.
The company’s multiple announcements come after itLedger recaudara USD 380 million earlier this year in a round of funding. At that time the firm had already advanced plans to expand its services.
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Article by Hannah Estefania Perez /DiarioBitcoin
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