CC#38 // Ledger X PayPal Partnership Announcement

Get Ready to Buy Crypto Directly From PayPal!

Source: Ledger wallet (Amjith S/Unsplash)

Curated Recap:

  • PayPal just recently launched its own Stablecoin (PayPal USD, $PYUSD) and because of this move, Ledger now lets their users buy Bitcoin, Ether directly through their PayPal account

  • Coinbase wins approval by U.S. to list Crypto Futures

  • Not a great week for Bitcoin and Ethereum, both are in the red, down 10% and 8%, respectively

Ledger x PayPal!

Hardware wallet manufacturer Ledger has joined forces with PayPal to enable users to purchase cryptocurrencies using their PayPal accounts within Ledger Live, the company's app. Ledger Live's integration with PayPal simplifies the process, allowing users to buy crypto with fiat currency and deposit tokens directly into their hardware wallet without additional verification, which I guess could go either way. This partnership aligns Ledger's security expertise with PayPal's safe payments technology to create a seamless platform for crypto transactions. The move showcases PayPal's ongoing expansion into the cryptocurrency landscape and reinforces its commitment to user-friendly and secure financial services. Should I be buying more $PYPL stock? 🤔

Source: (Growtika/Unsplash)

Crypto Futures Approval For Coinbase in US

Coinbase, a major cryptocurrency exchange, has received approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant, to enable the listing of crypto futures on its platform in the U.S. This approval marks a pretty big milestone for Coinbase, making it the first crypto-focused platform in the U.S. to provide regulated and leveraged crypto futures alongside traditional spot trading. The move is expected to facilitate growth and wider participation in the cryptocurrency economy for U.S. investors. Coinbase only had to wait about 2 years for this approval! 🙃

Crypto Moves of the Week:

Source: CoinMarketCap

Curated Fact:

It would roughly take $46K to mine 1 $BTC in the United States! 😲

Curated Meme:

Source:9Gag

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.