- The introduction of the Spend card is an example of how the Web3 space has evolved in response to the growing demand.
- Spend, which is now accessible to customers in the European Economic Area (EEA), offers a number of advantages.
- Ledger’s 7 million and more customers have the opportunity to utilize their digital token holdings to fund fiat purchases at more than 150 million retailers across the globe where Mastercard is accepted.
Spend, a new cryptocurrency debit card that is exclusively powered by the Mastercard network, has been launched by Mercuryo, a global payments infrastructure platform. Ledger customers now have the ability to utilize the Spend debit card to make purchases using their digital tokens. This feature is available via Ledger Live, which is the best companion app for securely managing cryptocurrency and NFTs, as well as selling and swapping cryptocurrency. The holdings of users are converted from cryptocurrency to fiat currency, and they may be funded directly from self-custody.
Ledger’s seven million and more customers have the opportunity to utilize their digital token holdings to fund fiat purchases at more than 150 million retailers across the globe where Mastercard is accepted. This is made possible by the Spend card, which can be opened instantaneously and without any fees inside the Ledger Live app. In the beginning, the Spend card will be accessible for Bitcoin (BTC) and Ethereum (ETH), and in the following months, stablecoins and new digital tokens will be added to the list of supported cryptocurrencies.
The introduction of the Spend card is an example of how the Web3 space has evolved in response to the growing demand from individuals for solutions that enable them to use their digital assets for payments in the same way that they would use conventional debit or credit cards, while also ensuring their safety. It is possible to use Spend in a seamless manner both online and in-store, and it is compatible with both Apple Pay and Google Pay.
Spend’s incorporation into Ledger Live would make it possible for users of the most widely used hardware wallet to fill their accounts in a seamless manner at a cost that is both small and transparent, while also taking use of the cryptocurrency’s cutting-edge security features. The extensive consumer safeguards offered by Mastercard, including as anti-money laundering and know your customer measures, will now be available to Ledger consumers who make purchases using Spend.
“We are delighted to launch Spend in Ledger, the preeminent non-custodial hardware wallet that has won a huge cult-like following among crypto enthusiasts, having made self-custody both accessible – and cool,” said Petr Kozyakov, Co-Founder and CEO at Mercuryo. “Ledger, Mercuryo and Mastercard share the same vision of using state-of-the-art technology to deliver a seamless user experience, making this partnership a perfect fit.”
“We are happy to see Mercuryo join the family of card programs compatible with Ledger, directly available and securely manageable from within Ledger Live,” said Jean-Francois Rochet, Executive Vice President of Consumer Services at Ledger. “This is the second service provided by Mercuryo to Ledger Live users, after crypto purchase services. Card programs that offer the ability to integrate directly with self-custody give users the best possible experience. The Spend card, paired with the power of Mastercard’s global payments network, will bring Ledger users more choice to spend their crypto.”
Spend, which is now accessible to customers in the European Economic Area (EEA), offers a number of advantages, including a favorable user experience and the ability to exercise control over spending, in addition to the opportunity to set flexible restrictions. Spend is capped at a monthly spending limit of €40,000.
Mercuryo is a pioneer and innovator in the rapidly developing Web3 space. They provide a wide range of payment options in addition to a smooth interaction on-chain. Mercuryo’s user-friendly solutions are making the experience of entering the digital token arena easier for those who are just starting out. Mercuryo is a company that specializes in the effective movement of capital within the DeFi ecosystem. Additionally, it integrates a number of different payment methods into a single interface.
Mercuryo distinguishes itself in the decentralized ecosystem by facilitating the creation of payment use cases and integrating on-chain transactions in a smooth manner. This approach simplifies the user experience, particularly for those who are new to this sector. Additionally, it integrates a variety of payment and banking options into a single, user-friendly interface system. Mercuryo has been proudly partnering with companies that are pioneers in their respective industries since the year 2018, including MetaMask, Trust Wallet, Ledger, 1inch, PancakeSwap, and others. It has ambitions to extend even further as they continue to develop our extensive stack of products.
In the year 2024, Ledger will be celebrating its ten-year anniversary. The company is the global leader in providing digital asset security for both individuals and businesses. Ledger provides connected devices and platforms, with over seven million devices being sold to customers in more than 180 countries, 10 or more languages, and more than 150 commercial brands and financial institutions. Ledger is responsible for the security of more than twenty percent of the world’s cryptocurrency assets.
Ledger Donjon, the offensive security team that is considered to be the most globally acknowledged around the globe, is depended upon as an essential resource for the purpose of safeguarding the world of digital assets. Ledger’s security provides its community with peace of mind and uncompromising self-custody, which is especially important given that over 14 billion USD were stolen, defrauded, or mishandled in 2023 alone.
