Ledger and Coinbase Partnership Simplifies Crypto Transfers and Self-Custody
Summary:
Ledger, a hardware wallet provider, and Coinbase, a cryptocurrency exchange, have partnered to streamline digital asset transactions and expedite transfers into self-custody. The collaboration integrates Coinbase Pay into the Ledger Live application, allowing users to manage and transact crypto assets directly from their devices. The move simplifies the previously tedious process of transferring crypto from an exchange into self-custody, offering users a simpler and more secure crypto experience.
Crypto wallet manufacturer, Ledger, and cryptocurrency trading platform, Coinbase, have revealed a new partnership aimed at simplifying digital asset transactions and creating a seamless mechanism for self-custodial asset transfers. Ledger's team highlighted to Cointelegraph that the Coinbase Pay initiative would be incorporated into the Ledger Live application. This development permits users to manage their crypto balances and execute transactions directly from their home computers or portable devices. Ledger device users will also be able to receive crypto purchases directly. Previously, transferring crypto assets from an exchange for self-custody was termed complex and prone to errors by the team. Ledger's Chief Experience Officer, Ian Rogers, shared with Cointelegraph that before this collaboration, buying crypto and transferring it to a self-custody wallet was a burdensome process. The new integration will simplify that process considerably, and Rogers likens it to the way travel booking was made easier by Skyscanner. He added that this integration enables crypto purchases through Coinbase to be directly deposited for secure self-custody on Ledger. Rogers also hinted at the possibility of diverse wallet options in the future, akin to the variety of bank accounts available today. He commended the Coinbase partnership as a testament to customer choice, making self-custodial procedures more user-friendly. "At the end of the day, you have the option to choose digital ownership through self-custody," Rogers noted. Ledger's team sees the crypto industry entering a fresh phase, sparked by the recent introduction of spot deal Bitcoin (BTC) exchange-traded funds (ETFs). They anticipate that this would attract newcomers to the crypto space, who they hope would gravitate towards self-custody, considering it as the 'authentic use case for crypto.'
Published At
2/13/2024 5:00:00 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.