Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments
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 f...