Crypto wallet provider Ledger has announced a series of new initiatives at its Ledger Op3n conference in Paris on Thursday.
Announcing several product developments, the company unveiled the line of its own debit card, a new hardware wallet, and partnerships with crypto exchanges FTX and Coinbase and NFT platform Rarible.
The card will be issued by Visa and can be used in Visa-affiliated stores. In addition to the regular prepaid payment, users can also apply for a 30-day interest-bearing credit. Ledger is also planning to launch a feature that automatically converts users’ salaries sent to the bank account to cryptocurrencies.
Ledger has also announced alliances with leading crypto businesses; crypto exchanges FTX and Coinbase, and NFT platform Rarible.
Concerning its partnership with Coinbase, Ledger will introduce a safer self-custody option where Ledger’s hardware wallet can be connected to Coinbase’s non-custody wallet. Meanwhile, FTX and Ledger have partnered to connect FTX’s liquidity, leverage, and trading options” to an online wallet application called “Ledger Live“.
FTX CEO Sam Bankman-Fried said:
“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.”
Users can also use a simple token swap on Ledger Live, and send funds to their FTX account to take advantage of full trading features, including derivatives trading, on FTX.
Ledger’s partnership with Rarible will allow Ledger to connect Ledger Live to Rarible so that users could safely and securely send NFTs between wallets. In addition, users can access Rarible through Ledger Live to trade NFTs and own NFTs.