Author: Jacob Oliver, CryptoSlate; Compiler: Song Xue, Jinse Finance

**Ledger announces partnership with global payments giant PayPal. The collaboration aims to provide users with a seamless and secure platform to explore the world of digital currencies. **

**This partnership allows US users to directly purchase Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin with linked PayPal accounts through the Ledger Live companion app, subject to state laws (LTC) and other cryptocurrencies. ** Notably, those who have previously purchased cryptocurrency via PayPal can now purchase within Ledger Live without additional verification. The acquired digital assets will be automatically transferred to the user's Ledger hardware wallet.

To take advantage of this feature, users simply open the Ledger Live app, navigate to the “Purchases” section, select the desired cryptocurrency, specify their country, and select PayPal as the payment method. After a successful transaction on the PayPal interface, the digital asset will be securely sent to the user's Ledger device.

However, for those who do not use PayPal for crypto transactions, creating a PayPal account or undergoing know-your-customer (KYC) verification will be mandatory.

Pascal Gauthier, Chairman and CEO of Ledger, expressed his enthusiasm for the partnership, saying: "PayPal and Ledger are both committed to ensuring safe, fast and seamless transactions. By combining Ledger's unparalleled security with PayPal's digital payment Combining two decades of expertise in the field, our goal is to provide a robust platform for cryptocurrency trading."

Regulatory Stablecoins

The partnership follows PayPal's recent announcement to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Ethereum blockchain. Regulated by the New York State Department of Financial Services and overseen by Paxos Trust Company, PayPal’s new stablecoin aims to bridge the gap between fiat and digital currencies, potentially significantly changing the digital payments landscape.

However, this integration has not been without criticism. U.S. Congresswoman Maxine Waters recently expressed concern about the lack of a comprehensive federal framework to regulate stablecoins such as PayPal's dollar-pegged PYUSD, emphasizing the need for strong regulation to protect users and ensure financial stability. Waters' concerns stem from PayPal's large global customer base, which exceeds that of many major banks.

Despite potential regulatory hurdles, Ledger, with more than 1.5 million active users, remains committed to providing a secure and user-friendly platform to facilitate digital currency transactions. With the Ledger Live app, users can access a growing number of decentralized applications (DApps) while keeping their private keys safe on their Ledger devices.