Revolut, a leader in digital payment solutions, has partnered with Ledger to simplify and secure cryptocurrency purchases. This collaboration is designed to enhance the user experience by enabling direct crypto transactions through the Ledger Live platform, marking a significant step forward in the integration of traditional finance with the crypto ecosystem.
Points
- Revolut has integrated with Ledger Live, allowing direct cryptocurrency purchases through the platform.
- The partnership aims to improve user security and accessibility in the crypto market.
- Users can now convert fiat currency to crypto without additional identity checks.
- Revolut’s UK banking license will help strengthen its position in the financial market.
- The collaboration reflects growing confidence in the merging of traditional finance and crypto.
Revolut, the digital payment giant, has announced a strategic partnership with Ledger, a leading platform for managing digital assets, to make cryptocurrency purchases easier, faster, and more secure. This collaboration allows Revolut users to buy cryptocurrencies directly through the Ledger Live app, bypassing the need for additional identity checks and multiple verifications.
The partnership between Revolut and Ledger is a significant step in bridging the gap between traditional finance and the burgeoning crypto market. Pascal Gauthier, Chairman and CEO of Ledger, emphasized the importance of secure and accessible digital asset management as more users enter the market. He stated that this integration showcases Ledger’s commitment to enhancing user security and accessibility, a sentiment echoed by Revolut as they continue to expand their crypto services.
Revolut’s integration with Ledger Live enables users to convert their fiat currency into cryptocurrencies seamlessly within the app. This streamlined process is designed to reduce the friction typically associated with crypto transactions, making it easier for users to manage their digital assets.
This development comes at a time when Revolut has been expanding its financial services. The company recently obtained a UK banking license after a three-year wait, which will allow it to strengthen its position in the financial market. Revolut reported a substantial increase in profit for 2023, with pre-tax profits reaching £438 million, a significant turnaround from a loss of £25.4 million the previous year.
The collaboration with Ledger is seen as a reflection of Revolut’s commitment to integrating innovative technologies and expanding its crypto offerings. As the fintech landscape continues to evolve, partnerships like this are crucial in building trust and encouraging wider adoption of cryptocurrencies.
解説
- Ledger Live: A platform developed by Ledger that allows users to manage their digital assets, including cryptocurrencies, securely. The integration with Revolut means users can buy and manage their crypto assets more easily.
- UK Banking License: Obtaining this license allows Revolut to operate more like a traditional bank, offering services such as loans and deposits while also strengthening its regulatory standing.
- Fiat to Crypto Conversion: The process of exchanging traditional currencies （like USD or GBP） for cryptocurrencies. The new integration simplifies this process, making it more user-friendly and efficient.