Binance Partners Ledger to Enable Its Users to Purchase Shiba Inu (SHIB) Using Fiat

Binance opens up a new way for its users to buy SHIB directly from their Ledger wallet.

Binance has announced a partnership with crypto hardware wallet provider Ledger to enable people to conveniently purchase Shiba Inu (SHIB) using fiats.

According to an announcement today, verified Binance users can buy SHIB through their Ledger hardware wallet using their bank cards, including Visa and Mastercard. After a successful purchase, the canine-themed cryptocurrency will be automatically transferred to the user’s Ledger address.

Ledger users who are yet to open a verified Binance account are advised to do so in order to use the recently launched service.

Binance also announced the development on Twitter.

#Binance partners with @Ledger!

In an effort to increase the interconnectedness of the Web3 ecosystem, this partnership will allow verified Binance users to purchase crypto directly through the Ledger Live app.

Read more ⤵️https://t.co/wZdnyaP52D

— Binance (@binance) November 2, 2022

The solution is currently available on the desktop version of Ledger Live, a companion application where Ledger users manage their crypto assets. Buying Shiba Inu with fiats through Ledger Live can be completed in a few clicks, the announcement read.

Aside from Shiba Inu, people can also use the solution to purchase more than 80 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), etc.

“Users can now purchase more than 80 different cryptocurrencies via the Discover section of the Ledger Live desktop app using their bank cards, including Visa and Mastercard. The whole process takes just a few clicks,” Binance said in a statement.

Jean-Francois Rochet, Ledger’s VP of Transactions and Services, commented on the development, saying:

“Binance and Ledger are truly global leaders in the digital asset space, and it only makes sense to combine to provide our users the benefits of buying crypto from Binance within Ledger Live, offering Ledger’s uncompromising world-class security.”

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