The largest cryptocurrency and Bitcoin payment service provider, BitPay, would enable the MATIC token of Polygon, a decentralized blockchain platform. Panini’s NFT marketplace is one of the first merchants to accept MATIC payments.
BitPay users can now buy, sell, trade, and stock MATIC and other ERC-20 tokens on Polygon, such as USDC, BUSD, WBTC, and DAI. Sandeep Nailwal, the co-founder of Polygon, supports BitPay and states that it has opened up a new trading space to MATIC holders, allowing them to trade with global merchants like Shopify and Airbnb for the first time. He added that BitPay is looking forward to expanding MATIC benefits and adding value to the Polygon ecosystem.
Companies like Robinhood, Stripe, and Starbucks use Polygon as their gateway to Web3, providing fast transaction speed, low fees, and security. Polygon is a platform for the biggest projects, such as Uniswap, OpenSea, and Aave.
Stephen Pair, BitPay’s Chief Executive Officer, said that adding MATIC to the other BitPay cryptos would offer a fast, secure and safe business substitute against the traditional payment methods. It would open a new path in the blockchain industry for consumers and traders to spend and receive funds.