4u Created
Image default
Crypto

Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments – Bitcoin News


Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIC) network. According to the firm, Bitpay app users will be able to store, trade, and spend MATIC later this week, and the collectibles company Panini America will be Bitpay’s first merchant to accept MATIC payments.

Bitpay Reveals Polygon MATIC Support

Bitpay announced on Wednesday that the crypto payments processing company now supports the Polygon (MATIC) protocol. Polygon is a proof-of-stake (PoS) layer two (L2) Ethereum scaling network that launched in October 2017. In addition to supporting Polygon’s native crypto asset MATIC, Bitpay app users will be able to store, swap, and spend ERC20 tokens associated with the Polygon protocol.

Bitpay’s decision to add polygon (MATIC) follows the company adding apecoin (APE) and euro coin (EUROC) support in August, as well as adding Lightning Network support in April. During the announcement on Wednesday, Bitpay said that the first merchant to accept MATIC Payments will be the collectibles company Panini America in order to support the “new digital payment option.” Polygon users can pay with MATIC for the company’s sticker and trading card collectibles alongside Panini’s NFT marketplace.

”When adding a new coin for merchants to accept, we look at many factors, but among the most important is its payment utility and community involvement. The Polygon network encourages mass adoption by enabling blockchain networks to connect and scale to support new and existing users,” Bitpay’s CEO Stephen Pair said in a statement on Wednesday.

“Adding MATIC to the mix of cryptos that Bitpay supports offers businesses a fast, safe and secure alternative to traditional payment methods and paves the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds,” Pair added. Bitpay further noted on Wednesday that in addition to MATIC, the crypto payments processor also supports 15 other crypto assets and stablecoins.

Tags in this story
15 crypto assets, Apecoin (APE), BitPay, Bitpay App, Bitpay CEO, Bitpay merchant, Bitpay merchant directory, Bitpay Merchants, Bitpay Polygon, crypto payments, euro coin (EUROC), lightning network, matic, Panini America, Payment Provider, Polygon, Polygon (MATIC), spend, Stephen Pair, store, swap

What do you think about Bitpay adding Polygon (MATIC) network support? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Related posts

BTC Remains Below $24,000 After Falling for Fourth Consecutive Session – Market Updates Bitcoin News

How a Presale Ethereum Wallet Containing 1000 ETH Was Recovered by KeychainX – Sponsored Bitcoin News

British MP Calls for ‘Liberal’ Crypto Regulation — Says ‘No Country Can Stop This Revolution’ – Regulation Bitcoin News