Ledger Expands Partnership with Transak to Enable Seamless Crypto Off-Ramping Within Ledger Live

• This most recent update welcomes Transak’s off-ramping capabilities to both the Ledger Live Desktop and Ledger Live Mobile applications.
• Because of this integration, users of Ledger Live now have even more control and freedom over their assets than they had before them.

By expanding its integration with Ledger, the global leader in digital asset security for consumers and companies, Transak, a leading provider of Web3 payments infrastructure, has increased its collaboration with Ledger.

This most recent update welcomes Transak’s off-ramping capabilities to both the Ledger Live Desktop and Ledger Live Mobile applications. This follows after the successful integration of Transak’s on-ramp service into Ledger Live. The Ledger ecosystem allows users to directly convert their cryptocurrency holdings into fiat currency, allowing them to do so.

Because of this integration, users of Ledger Live now have even more control and freedom over their assets than they had before them. Transak allows users to cash out their cryptocurrency holdings, including Bitcoin, Ethereum, USDC, and other key digital assets, without having to depend on the intricacies of centralized exchanges or hop via third-party applications. This is made possible by the addition of off-ramp capability.

This integration will continue to place a primary emphasis on security. Users of Ledger are able to take use of the international security standards (EAL 6+) that are implemented in Ledger’s hardware wallets. This guarantees that their private keys are never lost or stolen. A genuinely non-custodial experience is provided by Ledger, in contrast to centralized exchanges that hold user funds. This empowers users to exercise full control over their cryptocurrency holdings while using the safe off-ramping infrastructure provided by Transak.

Sami Start, CEO at Transak stated:

“Self-custody isn’t just about holding assets, it’s about having real freedom over them. With Transak Off-Ramp, Ledger users now have a seamless way to convert their crypto into fiat, directly within Ledger Live.”

By guaranteeing that users are able to review transaction data before to signing any documents, the Clear Signing innovation from Ledger provides an additional degree of security, hence minimizing the likelihood of criminal conduct.

Users will have an easier time accessing competitive conversion offers and cashing out cryptocurrency to their native currencies via bank transfers and other accepted payment methods as a result of the integration of Transak Off-Ramp, which complements the current ‘Sell’ part of Ledger Live. Ledger customers now have the ability to choose the most suitable offers that are personalized to their region and tastes, thanks to the platform’s support for numerous assets and worldwide coverage in over 100 countries.

The users will benefit in the following ways from this integration:

• Expanded Options: A more extensive selection of off-ramping alternatives, which guarantees that consumers will be able to choose the most advantageous rates and withdrawal methods.
• Expanded Asset Support: New cryptocurrencies have been added to the ‘Sell’ section, which is part of the expanded asset support.
• Greater Decentralization: Users are able to maintain control over their funds, hence eliminating dependence on centralized platforms for off-ramping applications.
• Global Accessibility: Fiat payments are guaranteed to be accessible in a variety of regions and local currencies because to the infrastructure that Transak provides.
• Assuring Compliance and Safety: All transactions continue to comply with KYC standards, and user data remains protected.

Jean-Francois Rochet, VP of Consumer Services at Ledger stated:

“Ledger Live provides access to the largest and broadest range of trusted service providers in crypto, all accessible through one app. We are always looking to provide more choice to Ledger users, and are delighted to work with Transak on this off-ramp integration. Ultimately, crypto is about ownership and choice, and with Ledger Live users have more choice than ever, with uncompromising security.”

Users of the Ledger have an easier time off-ramping their experience because to the Multi-Level KYC frameworks offered by Transak.

Because the customer’s KYC information is already shared with Transak, a user of Ledger who has previously completed the Know Your Customer (KYC) procedure on any of Transak’s partner platforms does not need to go through the verification process an additional time. While doing so, this reduces the number of unnecessary verification stages while yet ensuring strict compliance with regulatory requirements.

The Multi-Level Know Your Customer strategy guarantees that consumers will have a seamless and tiered verification system, which will enable them to access larger transaction limits without suffering any unwanted friction.

Transak is the most compliant and biggest web3 payments infrastructure provider in the world, and it now operates for more than 8.3 million customers all over the globe. It powers more than 450 platforms, making it easier to buy and sell digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify know your customer (KYC), compliance, payment methods, and customer support.

In addition to having offices in London, Milan, Dubai, and Hong Kong, Transak is headquartered in Miami, United States, and was registered in Delaware. Bengaluru serves as the company’s technology base. To get further details, please visit the website transak.com or follow on x.com/transak and linkedin.com/company/transak online.

In the year 2024, Ledger celebrated its ten-year anniversary. The company is the global leader in providing digital asset security for both individuals and businesses. Ledger provides linked devices and platforms, with over six million devices being sold to customers in more than 180 countries, 10 or more languages, and more than one 150 commercial brands and financial institutions. Ledger is responsible for the protection of more than 20 percent of the world’s cryptocurrency assets.

Ledger’s security not only provides its community with peace of mind and uncompromising self-custody, but it also protects against the hacking, scamming, or mismanagement of over 14 billion USD in 2023 alone.