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Ledger Rolls Out ‘Crypto Life’ Debit Card

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Today’s Cryptocurrency Headline

Crypto wallet maker Ledger is rolling out its crypto debit card across the UK and Europe. Ledger’s Crypto Life (CL) card allows users to transfer cryptocurrencies between Ledger hardware wallets and card accounts through the companion app Ledger Live. Developed by London-based fintech firm Baanx, CL is similar to other crypto cards already launched, allowing customers to earn 1% crypto rewards in Bitcoin or USDT, or 2% in Baanx’s native token BXX when they spend funds. Lithuanian banking-as-a-service provider Contis Financial handles custody of all funds kept on the card.

BingX’s Bitcoin Chart

Source: TradingView & BingX

The latest Federal Open Market Committee (FOMC) released minutes yesterday, which shows that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.” Bitcoin is down 1.53% over the last 24 hours and fell to an intraday low of $16,449.62. Despite the good news from FOMC, the market sentiment is still weak as The Crypto & Fear Index is still in the extreme fear territory. The market is still focusing on the liquidity issue of Genesis Trading, and if Genesis Trading solves its liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500.

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