Ledger Updates

Ledger released a bunch of updates today for their wallet. Updates will include compatibility for NFTs, a partnership with FTX, and a debit card.

NFT Compatibility

Ledger’s post on NFT Compatibility doesn’t include any specifics besides that they are aiming to be the most secure platform to store and manage NFTs.

Ledger and FTX Partnership

Ledger Live, the interface for Ledger wallets, currently only allows trading of a few coins through Ledgers current partnership with Coinify. With the Coinify integration, users can currently buy and sell under 15 crypto assets directly through their Ledger wallets through Ledger Live.
FTX is one of the leading crypto exchanges.

The partnership with FTX will allow for leverage and trading across 300 digital asset pairs with low fees

“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.”

FTX Founder and CEO Sam Bankman-Fried

Crypto Life Card

Ledger also announced that they’ll be releasing a debit card which will be linked to the user’s Ledger Live app. Through that app, users can load their debit cards where the funds will remain in crypto until purchases are made, with the crypto being converted to fiat instantly at the time of purchase. Users will also be able to open up a line of credit, using thier crypto as collateral. Card holders will also be able to deposit paychecks into their debit accounts, choosing how much of it to convert to crypto.