October 26, 2022

BitPay Switches on MATIC Payments for Merchants

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, will begin to support Polygon’s MATIC token this week.

Users can make payments with Polygon’s native token via most popular Polygon wallets. Collectibles marketplace Panini America is among the first merchants to accept MATIC payments. Users of the BitPay app can also buy, store, swap, and spend MATIC and several other supported ERC-20 tokens on Polygon, such as USDC, DAI, BUSD, and WBTC.

"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," said Sandeep Nailwal, co-founder of Polygon. "We're thrilled to be expanding the utility of MATIC and adding further value to the Polygon ecosystem."

Polygon is home to some of the biggest projects such as Aave, Uniswap and OpenSea. The network’s low fees, fast transaction speeds and carbon neutrality are also among the reasons why companies like Starbucks, Robinhood and Stripe have chosen Polygon as their gateway to Web3.

"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," said BitPay Chief Executive Officer Stephen Pair.

Get started with BitPay's enterprise-grade tools for crypto acceptance and the BitPay app for spending. Check out the Polygon Blog for latest news about the ecosystem, collaborations and more.

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