On the sidelines of the Surfin’ Bitcoin 2022 at the Biarritz Casino, Ledger and StackinSat announced a partnership between the two companies. It is now possible to use StackinSat’s recurring BTC savings services directly from the Ledger Live app.
StackinSat’s DCA comes to Ledger Live
StackinSat, the company behind the Bitcoin Savings Plan (BSP) and organizer of the Surfin’ Bitcoin 2022 event, has unveiled a partnership with hardware wallet maker Ledger.
During the event at the Biarritz casino, Ledger informed that its Ledger Live app now directly supports StackinSat’s services, a move that will allow the company to increase its reach across the globe, while also simplifying the implementation of Dollar Cost Averaging (DCA), as CEO Jonathan Herscovici notes:
“New StackinSat customers acquired from Ledger Live will no longer have to manually enter their Bitcoin receiving address when creating a BSP, significantly streamlining the process for recurring purchases […]. It should be noted that customers will also be able to purchase and store Bitcoin in the StackinSat vault if they wish, leaving the custodial responsibility […] to StackinSat.”
For his part, Pascal Gauthier, Ledger’s CEO, also expressed his belief in this value proposition:
“We are excited to offer StackinSat directly from Ledger Live. The automatic recurring purchases feature on Bitcoin has been in high demand by our European customers. ACD is the simplest and most effective investment method to gain long-term exposure to Bitcoin, which I consider the best store of value that exists in the market today.”
This innovation therefore presents itself as the ideal solution to enable automatic investment combined with the optimal security of a hardware wallet.
Ledger’s Web3 projects
Last month, Ledger announced a similar innovation by integrating FTX services into its application. Other projects such as its non-fungible token marketplace (NFT) show a willingness to expand beyond hardware wallets.
So we asked Ledger if the company has ambitions to become a kind of Web3 hub, where major applications can be accessed from one place and in a secure manner.
So Carl Anderson, vice president of B2C engineering at Ledger, shared his perspective to Cryptoast:
“Security is the foundation of the future of Web3. With Ledger Live, we will create the most secure portal for anyone to interact with Web3, whether it’s buying, selling or “staking” cryptos, storing their NFTs or even securely creating new NFTs with our partners (brands and artists) via [LEDGER] Market.”
He also returned to the ongoing development of the Ledger Connect browser extension. This one will notably allow the signature in clear text, when authorizing a smart contract, thus greatly improving security:
“Ledger Connect, our new multi-blockchain browser extension with “Web 3 Check” technology, will make secure interaction with Web3 applications easier than ever. Our commitment to security is unwavering and we are excited to continue to make it a seamless experience.”
StackinSat’s ambitious development
While StackinSat already has 12,000 customers, it is now looking to take things to the next level. Ledger Live, moreover, should offer interesting leverage thanks to its 1.5 million users. Now that the platform is also available in English, international development will be easier.
In concrete terms, anyone with a bank account that supports SEPA transfers can choose to invest with StackinSat. Credit card payments, as well as pre-funding of one’s account to invest without bank delays, are also among the upcoming features.
We also wanted to know more about new customer acquisition, so we asked Victor Le Barbier, Director of Sales and Partnerships at StackinSat, to comment:
How does StackinSat attract people unfamiliar with the crypto world?
“For example, we are taking advantage of Surfin’Bitcoin, which is taking place right now. The day of this Thursday was open to “no-coiners” and a treasure hunt in the city of Biarritz allowed passers-by to flash 10 QR codes, redirecting them to our website. Thanks to a partnership with the Biarritz Olympique rugby team, we’re offering 1,500 seats for tonight’s Pro D2 opening match against Oyonnax, with each new registrant getting a seat.”
This morning, 200 to 300 people had already flashed the various QR codes. Victor Le Barbier also describes the implementation of a lucrative and original attraction during the event:
“In addition, we created the first surf-to-earn contest. Similar to a mechanical rodeo found at carnivals, it’s all about staying on a surfboard as long as possible to win satoshi rewards.”
In addition, StackinSat has conducted a joint experiment with the University of Pau on payments via the Lightning Network. The first results of this work are to be presented Saturday morning, August 27, at Surfin’ Bitcoin.
The company also states that a new fundraising is in preparation to finance its projects to develop payment solutions in BTC. It is thanks to such initiatives that Bitcoin will benefit from concrete applications in our daily lives.