As noted in an announcement published on April 9, 2020, Ledger will be accepting payments made using Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), and Crypto.com’s native digital currency, Coin (CRO). Payments will be handled through Crypto.com’s application.
This isn’t the first time that Ledger has accepted payments in virtual currencies. The company’s customers have been able to pay with Bitcoin, Bitcoin Cash (BCH), Ether, and XRP through BitPay, one of the largest cryptocurrency payment processors.
Ledger and Crypto.com had committed to a memorandum of understanding (MoU) in December 2018. According to the MoU, Ledger’s customers were able to buy products with cryptocurrencies using Crypto.com’s platform.
Ledger’s management said that the first 20 customers who buy products using this new payment option will get a limited edition Crypto.com Ledger Nano S.
Those who buy Ledger hardware wallets from now until May 31, 2020 via Crypto.com will get as much as 10% cashback on their purchases. However, this particular offer is limited to €50 in CRO per order.
Last month, Crypto.com launched its soft staking offering, which gives users a new way to earn rewards up to 5% p.a. on cryptocurrencies deposited to and held on the company’s exchange platform.
Crypto.com has also integrated with economy as a service Fintech, Oveit. The integration will reportedly see over 3,500 offline and virtual events organizers utilize Oveit’s platform to accept cryptocurrency payments from over 1.5 million event attendants through Crypto.com Pay.