Ledger to Allow Crypto Payments Following MoU With Hong Kong Startup

 According to a press release that was shared with Cointelegraph on December 19, the encrypted hardware wallet provider, Ledger, signed a crypto-initiated Crypto.com payment agreement to allow customers to pay their products via crypto.

Crypto.com, headquartered in Hong Kong, has signed a Memorandum of Understanding with Ledger that will allow Ledger to adopt its Crypto.com Pay service. The payment platform will allegedly allow Ledger users to pay for cryptographic value products.

Crypto.com Pay will probably be integrated with Ledger's online store, where customers can buy through Crypto.com Wallet and Card.

Although the statement does not specify which cryptographic currencies will support a new payment solution, Crypto.com offers seven fiduciary and six cryptographic currencies, according to their website.

According to Crypto.com Medium, the portfolio supported by Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Monaco (MCO) and Crypto.com. Token Chain (CRO).

Director Eric Larcheveque, Chief Executive Officer of Ledger, said that introducing encrypted payment options for purchasing products was a "natural step," and that the payment method was "exactly what Ledger users are looking for."

Ledger recently opened a new office in New York to expand its institutional custody offer called Ledger Vault. Ledger has named Demetrios Skalkotos, former executive director of the Intercontinental Exchange (ICE), who led the operations of global business units.

In November, Ledger added support for the Monero (XMR) altcoin, focusing on privacy on its Nano S wallet device that already assumes Bitcoin Cash (BCH) support after the suspension of Services in mid-November.


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