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HomeCrypto NewsMarketLedger To Enable Buying ADA Directly from Ledger Live App Along With Staking Feature And Supporting Cardano Native Tokens

Ledger To Enable Buying ADA Directly from Ledger Live App Along With Staking Feature And Supporting Cardano Native Tokens


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Ledger reiterates its commitment to supporting the Cardano project. 

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The team behind popular cryptocurrency hardware wallet Ledger has announced that it will be expanding Cardano’s support very soon.

According to a Twitter space held yesterday by the Ledger team, Fabrice Dautriat, the Head of Platform at Ledger disclosed that Cardano enthusiasts will soon be allowed to purchase ADA, the native crypto of Cardano, directly from the Ledger Live application.

Dautriat noted that the upcoming feature will be an expansion of the already existing offering of the Cardano project on Ledger, which also includes users’ ability to send and receive ADA.

Ledger’s head of platform also noted that the popular cryptocurrency hardware wallet will also add support for digital currencies based on the Cardano blockchain.

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“You can now send/receive ADA and you can also buy ADA from the buy section from Ledger Live (coming very soon). We also want to support Cardano native tokens on Nanos. We’re looking at other features such as staking,” Dautriat said.

While Ledger is yet to fix a date for the full rollout of the initiative, the Cardano community is excited about the development because it would further bolster the widespread adoption of the cryptocurrency.

Ledger Support Cardano Project

It is worth noting that Ledger has supported Cardano before its announcement. Ledger developers recently rolled out an update to the wallet that enables support for smart contract functionality.

The announcement reiterates Ledger’s commitment to supporting the Cardano project. At the moment, Ledger users can now add more than one Cardano account to their hardware wallet, and the service is available on smartphones and PCs.

“Cardano was a BIG project for us. We went through a proposal phase to present to the community why the integration was relevant,” Dautriat said.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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