According to a joint announcement made by hardware wallet manufacturer Ledger on August 16th, the Ledger Live software has been integrated with PayPal. The integration allows US residents with verified PayPal accounts to purchase Bitcoin 
$76,570, Ethereum 
$2,114, Bitcoin Cash, and Litecoin, and it is stated that these purchases can be made directly through Ledger Live without any additional verification.
Partnership Details Revealed
Ledger Live previously allowed users to purchase cryptocurrencies through partners such as MoonPay, Transak, Ramp, Simplex, Loopipay, and Mercuryo. PayPal is the newest addition to this list. The announcement states that when a user purchases a cryptocurrency through PayPal via Ledger Live, the asset is instantly sent to the user’s wallet and there is no need to initiate any “withdrawal” transactions.
“By combining Ledger’s uncompromising security with PayPal’s leading secure payment technology, we are helping to create a seamless platform for user cryptocurrency transactions. Ledger is committed to simplifying the crypto world, while PayPal is determined to make financial transactions as simple, reliable, and affordable as possible.”
Ledger and PayPal’s Position in the Crypto Sector
Ledger claims to have sold over 3 million Ledger Nano S hardware wallets since 2016, making it one of the top hardware wallet manufacturers. It faced some controversy when it launched a hidden recovery phrase storage service in May, which caused confusion among users. The team later explained how their wallets work in order to reduce criticism.
PayPal announced the launch of a stablecoin called PYUSD on August 7th, but in the announcement dated August 15th, PYUSD is not listed as one of the available coins on Ledger Live yet. PayPal has been making strides in the crypto sector recently. The company first started offering cryptocurrency buying and selling services in the US in late 2020 and has most recently paused its crypto services in the UK for a review of regulatory frameworks.
