Giant Company Added This Altcoin To Its Cart: Price Jumped!

BitPay, the world’s largest cryptocurrency payment service provider, has finally added a highly anticipated altcoin project to its list. At the time of the announcement, the price was rising by over 5%.

BitPay finally completes the expected altcoin integration

BitPay is developing a special payment system for the daily processes of cryptocurrency holders from all over the world. Recently, it announced that it will support Polygon (MATIC) and other Polygon-based ERC-20 tokens as a module of its expansion plans. Polygon shared this development with its community in a blog post. According to the announcement, the MATIC supplement will start this week. Therefore, customers will be able to make MATIC payments using BitPay’s payment process service after the basis has been applied.

Additionally, BitPay users will have access to MATIC and other POlygon-based ERC-20 tokens such as Binance USD (BUSD), USD Circle (USDC), Dai (DAI), and Wrapped BTC for in-app use. The processes of bartering, buying, selling, spending and storing over these cryptocurrencies will be open.

MATIC price rallies over 7%

MATIC price is wrapping up the 25th October rally with over 7% gains. The altcoin is currently trading at $0.9437. Meanwhile, Bitcoin and Ethereum are above the $20,000 and $1,500 resistances, respectively.

Polyon network will bring more real benefits

Texas-based collectibles marketplace Panini America is one of the first stores to officially support MATIC payments via BitPay, according to the official blog post. Polygon basically helps Ethereum scale. It offers one-on-one time, lower process prices and higher yields. This BitPay integration has been long overdue due to its consistency in keeping its word and its tremendous adoption rate.

Polygon co-founder Sandeep Nailwal says the BitPay subsidiary has opened the door to apps like Airbnb and Shopify. Polygon also signed agreements with valuable brands such as Disney, Starbucks, Adobe and DraftKings in February.

Polygon partnerships

In 2021, Polygon partnered with Khyber Network to reach new heights in the DeFi ecosystem. Thus, a successful KyberSwap deployment worked closely with the Polygon group to improve liquidity for DeFi and bring more users, developers and Dapps to Polygon.

In the middle, Polygon entered a blockchain collaboration with DraftKings Marketplace last year. According to the announcement, the partnership will provide more efficiency and expanded capabilities to the DraftKings Marketplace. It will also offer an environmentally friendly and scalable solution.

Disney selected Polygon, along with five other companies, to join Disney’s 2022 Accelerator program in July. The Enterprise is a business and development program launched to support the growth of innovative companies globally. Koindeks.comWe have given the details in this article.

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