Users of the BitPay app will be able to buy, store, trade, and spend MATIC.
Today, most cryptocurrencies traded in green after a long time.
After much anticipation, the native token of Polygon, MATIC, will be made accessible on BitPay, one of the leading cryptocurrency payment systems, as per an official release. In addition to USDC, DAI, BUSD, and WBTC, users of the BitPay app will be able to buy, store, trade, and spend MATIC, an ERC-20 token on Polygon.
According to Polygon co-founder Sandeep Nailwal:
“Working with BitPay opens up a new world of commerce to MATIC holders, allowing them to spend with a host of global merchants including Airbnb and Shopify for the first time.”
Global Exposore For MATIC
The main projects, including Aave, Uniswap, and OpenSea, are based on Polygon. Because of its low costs, fast transaction times, and carbon neutrality, organizations like Starbucks, Robinhood, and Stripe have chosen it as their Web3 gateway.
BitPay is among the top crypto payment service providers, serving tens of thousands of customers. This would pave the way for MATIC’s increased global use.
BitPay CEO, Stephen Pair, said,
“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.
There was some welcome respite in the crypto market this morning. Bitcoin (BTC) crossed the $20,000 threshold, signaling the beginning of a favorable trend for major crypto ventures. However, Ethereum (ETH) surged by more than 10% in the past day. Moreover, most cryptocurrencies traded in green after a long time.