Ledger Wallet rolls out 'BTC yield' feature in collaboration with Lombard and Figment - The Block
Ledger, a prominent player in the cryptocurrency hardware wallet arena, has announced the launch of a new feature called “BTC yield.” This innovative service is the result of a collaboration with Lombard, a financial services provider, and Figment, a leading blockchain infrastructure company. The BTC yield feature aims to enable users to earn passive income by staking their Bitcoin directly from their Ledger wallets.
The BTC yield function allows users to leverage their Bitcoin holdings by participating in yield-generating opportunities without relinquishing control over their assets. This feature is particularly significant as it caters to the growing demand for ways to earn returns on digital assets, especially in a market where traditional investment avenues are often volatile and less appealing.
Users will be able to stake their Bitcoin seamlessly via the Ledger Live application, the company’s integrated platform for managing digital assets. This user-friendly interface simplifies the process of engaging in staking, allowing customers to benefit from potential rewards while keeping their Bitcoin securely stored within their Ledger wallets.
The collaboration with Lombard and Figment is aimed at ensuring the reliability and security of the yield feature. Lombard brings its expertise in financial services, while Figment contributes its advanced blockchain technology and staking solutions. Together, they enhance the functionality and appeal of Ledger’s offerings, positioning it as a competitive player in the crypto yield space.
The introduction of the BTC yield feature aligns with Ledger's ongoing commitment to provide users with innovative tools that enhance their cryptocurrency experience. As more investors look for ways to optimize their portfolios, features like BTC yield could become a critical component of the overall strategy for cryptocurrency holders.
This new offering is expected to attract both seasoned investors and newcomers to the cryptocurrency space, as it presents an opportunity to earn additional income while maintaining the security that Ledger wallets are known for.
Key Takeaways
- Ledger has launched a new "BTC yield" feature in partnership with Lombard and Figment.
- The feature allows users to earn passive income by staking Bitcoin directly from their Ledger wallets.
- The BTC yield service is integrated within the Ledger Live app, enhancing user accessibility and security.
- This collaboration aims to provide a reliable and secure staking option for cryptocurrency investors.
This article was inspired by reporting from Google News Crypto. · Report an issue