Hardware wallet Ledger has unveiled a series of product developments including crypto debit cards, a new hardware wallet, partnerships with cryptocurrency exchanges FTX and Coinbase and NFT support via Rarible.
The CL card will allow Ledger users to spend their crypto assets without selling them, and to receive their paycheck in crypto using the hardware wallet from next year. A 30-day interest-free line of credit can also be opened using the companion app.
It will integrate ‘seamlessly’ into Ledger Live – the software companion to Ledger Nano Hardware Wallets which allows users to track their portfolios, access DeFi and NFTs and buy and sell their assets.
The card will be available in Q1 2022 in the UK, France and Germany and Q2 2022 in the United States. Ahead of its launch, a waitlist has been established for those eager to own a CL card.
“Investors are looking for increased security and self-custody solutions without sacrificing liquidity, leverage and trading options. The partnership between FTX and Ledger addresses this pain point for the marketplace, by providing quick access to trading while assets remain fully secure.”
Its partnership with Coinbase introduces safer self-custody options for Coinbase Wallet users. Being released in phases throughout Q1 2022, the integration enables users of the Coinbase Wallet browser extension to self-custody their digital assets within Ledger hardware wallets.
In later phases of the partnership, the Coinbase mobile app will also support Ledger hardware wallets. In addition, the collaboration will include educational and marketing efforts from both Ledger and Coinbase.
“Self custody is the future,” said Coinbase CEO Brian Armstrong.
Improved NFT support
Through the integration, users will be able to connect their Ledger wallets to Rarible and view, send, receive and manage their NFTs directly within the Ledger Live companion app from December 2021. In addition, a unique ‘Discover’ section curated by Rarible will be added to Ledger Live in January 2022.
“Our integration with Ledger marks a major milestone in our mission to improve how users interact with their NFTs, and will provide NFT holders with an increased sense of comfort knowing their digital collectables are safely stored,” said Alex Salnikov, co-founder and head of product of Rarible.
The latest model
The Nano S Plus improves on the previous ‘Nano S’ model with a “larger and higher-quality” screen alongside more flash memory to support additional plugins and apps focused on Defi and NFTs.
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