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Ledger to Accept Crypto Payments Following MoU With Hong Kong Startup

Ledger to Accept Crypto Payments Following MoU With Hong Kong Startup
By: cointelegraph.com Posted On: December 20, 2018 View: 4

Ledger to Accept Crypto Payments Following MoU With Hong Kong Startup

Crypto hardware wallet supplier Ledger has signed an agreement with crypto payment startup Crypto.com to allow users to pay for its products with crypto, according to a press release shared with Cointelegraph on Dec. 19.

Hong Kong-based Crypto.com has reportedly signed a Memorandum of Understanding (MOU) with Ledger that will enable Ledger to adopt their service Crypto.com Pay. The payment platform will purportedly allow Ledger clients to pay for products with cryptocurrency.

Crypto.com Pay will purportedly be incorporated into Ledger’s online store, where customers will able to make purchases via Crypto.com Wallet and Card application.

While the press release does not specify which cryptocurrencies will be supported by the new payment solution, Crypto.com’s Wallet features seven fiat currencies and six cryptocurrencies, according to their website.

According to Crypto.com Medium, the wallet supports Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), as well as Binance Coin (BNB), Monaco (MCO), and its own Crypto.com Chain token (CRO).

Ledger CEO Éric Larchevêque stated that introducing a crypto payment option for products purchases is a “natural step,” and this payment method is “just what [Ledger] customers are seeking.”

Ledger recently opened a new office in New York to develop its institution-targeted custody offering called Ledger Vault. Ledger appointed former Intercontinental Exchange (ICE) executive Demetrios Skalkotos to lead global business unit operations for the project.

In November, Ledger added support for privacy-focused altcoin Monero (XMR) to its Nano S wallet device, having previously resumed support for Bitcoin Cash (BCH), following a suspension of service in mid-November.

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