Ledger Taps Revolut For Crypto Payments In Europe – FinanceFeeds

UK Fintech giant Revolut has teamed up with hardware wallet firm Ledger to expand cryptocurrency payment options in specific European Economic Area (EEA) countries.

Announced today, the partnership will allow Ledger customers to buy and sell cryptocurrencies, including Bitcoin, through Revolut’s on-ramp service, Revolut Ramp.

The alliance will integrate Revolut as an official buy provider within Ledger’s wallet application, Ledger Live, in 27 EEA countries, including Bulgaria, Denmark, Ireland, Malta, and Switzerland.

The partnership is said to simplify the process of buying cryptocurrency while maintaining full digital ownership. Revolut customers who have completed Know Your Customer (KYC) checks can now bypass additional verification steps when buying crypto through Ledger, making the process faster and more secure.

Revolut Ramp also allows non-Revolut customers to complete KYC checks and make purchases using Visa or Mastercard in minutes. The integration includes Revolut Pay as a payment method on Ledger, facilitating instant online payments.

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Revolut, the UK’s highest-valued fintech company, has been providing cryptocurrency services since 2017 and currently serves over 40 million customers globally.

“We’re delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors,” said Revolut’s general crypto manager Emil Urmanshin.

Meanwhile, Ledger has integrated MoonPay’s instant crypto purchasing and token swap capabilities into its Ledger Live.

The collaboration also introduces a limited-edition Ledger x MoonPay Nano X hard wallet, which is purple and includes a $25 crypto voucher from MoonPay. A one-year subscription to Ledger Recover, a key recovery service, will soon be available with this product.

Ledger already allows users of its popular crypto hardware wallet to buy cryptocurrency directly in the App with bank cards after it has inked a partnership with Canadian payments firm Nuvei. The agreement gives Ledger users a fiat onramp to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.