BitPay will introduce USDC and ETH payments on the Polygon network
Polygon-bridge cryptocurrencies like Ether, USDC, Dai, and Wrapped Bitcoin will be coming to BitPay later this week.
New
Leading cryptocurrency company BitPay expands the reach of supported blockchain networks, preparing to launch ERC-20 token payments on the Polygon network.
On October 26, BitPay and Polygon jointly announced the integration of Polygon on the BitPay app, allowing customers to spend ERC-20 tokens bridged by Polygon.
The BitPay app is specifically gearing up to support token payments such as the Polygon-based USD Coin (USDC) later this week. USDC developer Circle initially launched the USDC stablecoin on the Ethereum blockchain, linking it to Polygon via the Polygon Bridge in June 2022.
Polygon USDC isn't the only Polygon-bridged token coming to BitPay. BitPay Chief Marketing Officer Bill Zielke told Cointelegraph that all ERC-20 coins currently supported on BitPay will be automatically opened for trading on the Polygon network.
The current list of upcoming tokens supported by Polygon on BitPay include Polygon USDC, Polygon Ether (ETH), Polygon Dai (DAI), and Polygon Wrapped Bitcoin (WBTC).
“For new coins in general, including ERC-20 in particular, we are constantly reviewing and evaluating coins,” Zielke said, adding that BitPay has “some big coins planned.”
With the new development, BitPay merchants will be able to accept Polygon payments from major Polygon wallets. Panini America, a leading US-based sporting and entertainment company, will be the first merchant to adopt the new digital payment option.
“When adding a new coin to be accepted by merchants, we look at many factors, but among the most important are its payout usefulness and community involvement,” Stephen said. Pair, CEO of BitPay, adding:
"The addition of MATIC to the mix of cryptos that BitPay supports provides businesses with 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."
Polygon-bridged stablecoins are significantly smaller than those running on native blockchains in terms of adoption so far. Accor...
Polygon-bridge cryptocurrencies like Ether, USDC, Dai, and Wrapped Bitcoin will be coming to BitPay later this week.
New
Leading cryptocurrency company BitPay expands the reach of supported blockchain networks, preparing to launch ERC-20 token payments on the Polygon network.
On October 26, BitPay and Polygon jointly announced the integration of Polygon on the BitPay app, allowing customers to spend ERC-20 tokens bridged by Polygon.
The BitPay app is specifically gearing up to support token payments such as the Polygon-based USD Coin (USDC) later this week. USDC developer Circle initially launched the USDC stablecoin on the Ethereum blockchain, linking it to Polygon via the Polygon Bridge in June 2022.
Polygon USDC isn't the only Polygon-bridged token coming to BitPay. BitPay Chief Marketing Officer Bill Zielke told Cointelegraph that all ERC-20 coins currently supported on BitPay will be automatically opened for trading on the Polygon network.
The current list of upcoming tokens supported by Polygon on BitPay include Polygon USDC, Polygon Ether (ETH), Polygon Dai (DAI), and Polygon Wrapped Bitcoin (WBTC).
“For new coins in general, including ERC-20 in particular, we are constantly reviewing and evaluating coins,” Zielke said, adding that BitPay has “some big coins planned.”
With the new development, BitPay merchants will be able to accept Polygon payments from major Polygon wallets. Panini America, a leading US-based sporting and entertainment company, will be the first merchant to adopt the new digital payment option.
“When adding a new coin to be accepted by merchants, we look at many factors, but among the most important are its payout usefulness and community involvement,” Stephen said. Pair, CEO of BitPay, adding:
"The addition of MATIC to the mix of cryptos that BitPay supports provides businesses with 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."
Polygon-bridged stablecoins are significantly smaller than those running on native blockchains in terms of adoption so far. Accor...
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