Crypto.com, an innovative cryptocurrency and payments platform, has recently announced the integration of Crypto.com Pay, a Crypto.com Chain powered cryptocurrency payment solution, to the Ledger online store.
With the help of this partnership, Ledger would be able to accept Crypto.com's CRO token along with LTC, BTC, XRP, and ETH. This would diversify the option of coins from which its users can pay with. Meanwhile, for merchants, the platform would be simple to set up, without being charged any processing fees for settlements in crypto.
Merchants can also instantly change their crypto purchases into favored fiat currency, lowering exposure to exchange rate fluctuation.
A recent update to Crypto.com Pay enables merchants to deliver invoices through email to collect their fees. Besides, its effective incorporation on the Ledger system acts as a landmark deal for Crypto.com's largescale merchant acquisition, which consists of recently formed partnerships with Oveit and Travala.
This partnership would give rise to a new, seamless process of payment for its over one million Crypto.com App users, while concurrently broadening the payment alternative for Ledger's customers, comprising of payment in LTC and CRO.
Speaking on the development, Pascal Gauthier, CEO, Ledger, said that the company is excited to integrate Crypto.com payment systems in its platform. Currently, Crypto.com is one of the most advanced and competitive players in the sector. Crypto’s mass adoption would be brought by allowing crypto payment attributes on e-commerce sites. With the help of this new integration, the company is now able to provide new payment alternatives with customer’s preferred crypto.
As for Kris Marszalek, CEO and Co-founder, Crypto.com, the Crypto.com Pay and Crypto.com Chain have been developed as per industry needs, which is to be paid and pay in any form of crypto, anywhere without any charges. In addition, the company has been constantly working on expanding Crypto.com Pay’s merchant network and are delighted to have the support of Ledger.