Ledger Announces Crypto Debit Card, NFT Support, Coinbase and FTX Partnerships

Multiple announcements made by wallet maker at conference.

Ledger, the hardware wallet maker,  revealed plans to launch a cryptocurrency debit card, begin supporting non-fungible tokens (NFTs), and sealed partnerships with two major exchanges, Coinbase and FTX.

Multiple announcements were made by the firm today at the Ledger Open conference in Paris.

First, Ledger introduced the Crypto Life card, a crypto debit card that will allow customers to pay with cryptocurrencies at more than 50 million brick-and-mortar and online merchants.

The card will be accessible to clients in the United Kingdom, France, and Germany as soon as Q1 2022. It is anticipated to arrive in the United States by the second quarter of 2022. Users who are interested can sign up for the waitlist now.

The card will support crypto assets, including BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH, and LTC.

The firm also said it intended to integrate NFT support by early 2022 and provide a wallet for NFTs that would let people store, visualize, manage, and enjoy complete ownership of their NFTs.

According to Ledger, the firm has already incorporated Rarable, an NFT marketplace, into its Ledger Live app. The company stated that users will be able to utilize all of Rarible's functionalities starting in January 2022.

Meanwhile, the crypto hardware maker has also established partnerships with two major cryptocurrency exchanges. The partnership with Coinbase will allow users to self-custody their crypto assets as part of the deal.

In the first quarter of 2022, the collaboration should be completed, allowing Coinbase Wallet browser plugin users to link their Ledger wallets. Users of the Coinbase mobile app will be able to link their Ledger wallets later down the line.

"It's no secret they [Coinbase] are investing in their software wallet. We are very proud to announce the Coinbase software wallet is adding Ledger support," the major hardware maker stated.

Finally, Ledger announced a partnership with FTX to allow leverage trading through its Ledger Live app.

The announcement of the collaboration stated that Ledger Live users will have access to FTX's liquidity, leverage, and trading possibilities through the partnership, allowing them to trade across 300 digital asset pairs with low costs while maintaining control over their assets.

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