- The introduction of the cost card is an example of how the web3 space changed in response to growing demand.
- Spending, which is now accessible to customers in the European Economic Area (EEA), has offered many advantages.
- 7 million and more Ledger customers have the opportunity to use their digital holders to fund FIAT purchases to over 150 million retailers worldwide where MasterCard is accepted.
Spending, a new cryptocurrency debit card exclusively powered by the MasterCard Network, was launched by Mercuryo, a global payment infrastructure platform. Ledger customers have the ability to use debit card spending to make purchases using their digital tokens. This feature is available through Ledger Live, which is the best companion app for safe cryptocurrency and NFT management, as well as sale and cryptocurrency sale and replacement. Users' holdings are converted from cryptocurrency to fiat currency, and they can be funded directly from self-custody.
Seven million and more Ledger customers have the opportunity to use their digital holders to fund Fiat purchases to over 150 million retailers worldwide where MasterCard is accepted. This is done by spending cards, which can be opened immediately and there are no fees within the Ledger's Live App. Initially, the cost card will be accessible for Bitcoin (BTC) and Ethereum (ETH), and in the following months, Stablecoins and new digital tokens will be added to the list of supported cryptocurrencies.
The introduction of the cost card is an example of how the web3 space has changed in response to growing demand from individuals for solutions that give them their digital assets for payments the same way they will use conventional debit or credit card, while also ensuring their safety. It is possible to use spending in a seamless way both online and in-store, and it is compatible with both Apple Pay and Google Pay.
Incorporating the Ledger Live spending will make it possible for users of the most widely used hardware wallet to fill their accounts in a seamless way at a cost that is both small and transparent, while also using cryptocurrency security cutting features. Extensive consumer care offered by MasterCard, including anti-money laundering and knowing your customer steps, are now available to Ledger consumers to make purchases using spending.
“We're glad to launch Ledger's spending, the main non-custodial hardware wallet that won a big cult-like cult that follows crypto lovers, who make self-custody that is both accessible-and cool,” said Petr Kozyakov, co-founder and CEO at Mercuryo. “Ledger, Mercuryo and Mastercard share the same vision of using state-of-the-art technology to deliver an seamless user experience, making this cooperation perfectly.”
“We are happy to see Mercuryo joining the family of ledger card programs, which is directly available and safely manageable from within Ledger Live,” said Jean-Francois Rochet, executive vice president of consumer services in Ledger. “This is the second service provided by Mercury to Ledger Live users, after crypto purchase services. Card programs that offer the ability to combine directly with self-custody to give users the best possible experience. The cost card, paired with the power of Mastercard's global payment network, will bring Ledger users to spend their crypto.”
Expenditure, which is now accessible to customers in the European Economic Area (EEA), offers a number of advantages, including a desirable user experience and the ability to exercise spending, in addition to the opportunity to set flexible restrictions. Spending is trapped at a monthly spending of € 40,000 spending.
Mercuryo is a pioneer and consumerate in the rapid web3 space formation. They provide a wide range of payment options in addition to a smooth on-chain contact. Mercuryo user-friendly solutions make it easier to enter the digital token arena for beginners. Mercuryo is a company that specializes in the effective movement of capital within the Defi ecosystem. In addition, it incorporates a number of different payment methods into a single interface.
Mercuryo recognizes herself in decentralized ecosystem by facilitating the creation of cases of using payment and incorporating on-chain transactions in a smooth way. This method facilitates user experience, especially for new ones in this sector. In addition, it incorporates various payment and banking options into a single, user-friendly interface system. Mercuryo has been proudly cooperating with companies pioneers in their industry since 2018, including metamask, trust wallet, ledger, 1inch, pancakeswap, and more. It has ambitions to expand as they continue to develop our wide stack of products.
By 2024, Ledger celebrated the ten -year anniversary. The company is the global leader in providing digital asset security for both individuals and businesses. Ledger provides connected devices and platforms, with more than seven million devices sold to customers in more than 180 countries, 10 or more languages, and more than 150 commercial brands and financial institutions. Ledger is responsible for the security of more than twenty percent of cryptocurrency assets in the world.
Ledger Donjon, the offensive security group that is considered the most global recognized worldwide, depends as an important resource for the purpose of cautioning the world of digital ownership. Ledger's security provides its community peace of mind and non-compromise self-custody, which is especially important given that more than 14 billion USDs have been stolen, deceived, or dying in 2023.
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