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BitPay Adds Polygon Network Expanding Crypto Payment Options

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Atlanta–()–bit payThe world’s largest provider of Bitcoin and cryptocurrency payment services, announced support for Polygon and MATIC. Consumers will be able to purchase, store, redeem and use her MATIC within the BitPay app later this week. For the first time, BitPay app holders will be able to spend their other ERC-20 tokens online, including USDC, DAI, ETH and WBTC. polygon networkBitPay merchants can accept Polygon payments from the most popular Polygon wallets.

As the first merchant to accept MATIC through BitPay, Panini America supports customers with new digital payment options. Panini is an international brand leader in the world of sticker and trading card collections, releasing over 1,000 collections each year, and he is one of the leading publishers of children’s magazines and books, comics, cartoons and graphic novels. . Users can access thousands of his NBA, NHL, NFL, and other NFTs through Panini’s NFT Marketplace.

“We are really excited to be able to support another coin within the Panini Wallet, especially one related to the NFT market. We will continue to work closely with BitPay to continue the development of the Panini NFT platform and to ensure that collectors will be able to make more money during this NFT market cycle. The opportunity to continue to provide superior payment flexibility and options is a key reason we chose to work closely with BitPay.” Haworth, VP Marketing, Panini America.

Polygon’s frictionless, carbon-neutral Layer 2 Ethereum scaling platform provides both web3 users and builders with a fast, scalable and ultra-low cost environment. Its native token, MATIC, is used for blockchain governance, payment of transaction fees, and participation in decentralized apps (dapps). The network is fast becoming Web3’s de facto platform, working with major brands and companies such as DraftKings, Meta, Starbucks, Reddit and Stripe, and boasting over 37,000 of his dapps.

“When adding a new coin that a merchant accepts, we look at many factors, but the most important are its payment utility and community engagement. “By adding MATIC to the mix of cryptocurrencies supported by BitPay, businesses will be able to offer a fast alternative to traditional payment methods.” It paves the way for blockchain payments to provide a safe and secure alternative and disrupt the way consumers and businesses receive and spend their funds.”

Polygon co-founder Sandeep Nailwal said: MATIC’s usefulness has expanded, bringing even more value to the Polygon ecosystem. ”

Updates to BitPay merchants and BitPay app owners will be made automatically to add MATIC to their cryptocurrency pairings. Merchants do not need to make any changes or adjustments to accept Polygon payments. Customers can make payments from BitPay wallets and other supported wallets. In addition to Polygon (MATIC), BitPay accepts Ape Coin (APE), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin, (LTC), XRP (XRP), Wrapped Bitcoin (WBTC), and Euro Coin (EUROC), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Pax Dollar (USDP), Gemini’s six stablecoins Dollar ( GUSD).

About Bitpay

Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform the way businesses and people send, receive and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable cross-border payments in cryptocurrencies, among other services. BitPay provides consumers with a complete digital asset management solution, including BitPay Wallet and BitPay Card, to convert digital assets into dollars for use by tens of thousands of businesses. The company has offices in North America, Europe and South America and has raised over $70 million of his funding from leading investors including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. For more information, please visit bitpay.com.

About polygons

polygon technology is a leading blockchain development platform providing scalable, affordable, secure and sustainable blockchains for Web3. Its ever-growing product suite gives developers easy access to leading scaling solutions including L2 (ZK Rollup and Optimistic Rollup), Sidechain, Hybrid, Standalone, Enterprise Chain, and Data Availability. Polygon’s scaling solution hosts over 37,000 decentralized applications, processes over 2.1 billion transactions, has over 174.9 million unique user addresses, and has over $5 billion in assets protected. , is widely adopted. The network is home to some of his biggest Web3 projects like Aave, Uniswap and OpenSea, as well as big name companies like Meta, Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem by becoming carbon negative.

If you’re an Ethereum developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApps and get started here.

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