I guess they have released this info on the wrong day... This should have been released on april 1st, since it has to be an april fool's joke.
If this is true, i'll never point people towards ledger hardware ever again... FFS, if this is true, they're completely demolishing everything a hardware wallet stands for...
Just the idea that someone from the higher executive board actually thought that this was a good concept to be implemented, baffles me and it goes to show that they don't care at all about the concept behind Bitcoin. To make matters worse, they also bundled this service with KYC procedures since you'll have to send them your ID/passport in order to use the service, meaning that they successfully surpassed every privacy boundary that they could with this new service at the expense of $9.99 per month. Outrageous...