Ledger Wallet Launches Crypto Debit Card
Crypto hardware wallet technology provider, Ledger, has launched a debit card that will allow users to pay for goods and services with their crypto. The debit card has been named 'The Crypto Life' card, also known as 'CL', and was announced at the company's Op3n conference.
The CL card is linked to the user's Ledger Nano S hardware wallet, which is used to store their crypto assets. The card can be used at any merchant that accepts Visa cards. When a purchase is made, the relevant amount of crypto is transferred from the user's wallet to the merchant's account.
Available to US and EU Customers
The debit card will be available to Ledger's US and EU customers, and users will be able to pay crypto to over 50 million retailers, Ledger said.
Ledger Chief Experience Officer Ian Rogers told CoinDesk that the company began as an option to “HODL,” but that users “increasingly want to do more and more with crypto.”
“What we are trying to do is provide an alternative to the banking system, which is kind of broken for a lot of people,” Rogers said.