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    Ledger Live enables THORChain’s decentralized native cross-chain swaps

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    Ledger Live has partnered with THORChain, a decentralized finance protocol, to launch native cross-chain swaps. This enables Ledger Live users to swap various digital assets across different blockchains. Users can trade, exchange, and stake cryptocurrencies via the Ledger Live app. The collaboration with THORChain is Ledger’s first use of a decentralized finance protocol for such services. Additionally, speculation suggests THORChain may soon link with Binance’s Web3 wallet, although no confirmation has been given.

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    Ledger Live has joined forces with THORChain, a decentralized finance protocol, to introduce native cross-chain swaps. This means users of the Ledger Live app can now easily swap different digital assets across various blockchains. For instance, you can swap Bitcoin for Ether quickly with this new feature.

    The partnership with THORChain represents the first time Ledger has utilized a decentralized finance protocol to facilitate such exchanges between blockchains through its app. THORChain itself allows users to swap digital assets across different blockchain systems without needing wrapped assets.

    Users who want to benefit from this feature need to use the Ledger Live app, where they can trade, exchange, and stake cryptocurrencies from the safety of their cold wallet device. From there, they just need to go to the “discover” page and opt into the new feature to start swapping assets.

    On another note, there has been speculation that THORChain may connect with Binance’s Web3 wallet soon. This crypto wallet offers users the ability to self-custody their assets within the Binance platform. The founder of THORChain gave a cryptic response to such speculations but did not provide direct confirmation.

    THORChain also announced a significant collaboration with the decentralized finance network “Rujira Alliance” last month. This alliance emerged when Kujira merged with several of its main ecosystem projects. The alliance aims to build a new application layer for THORChain.

    Source: Cointelegraph

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