{"id":14148,"date":"2022-10-26T18:05:48","date_gmt":"2022-10-26T18:05:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-payments-firm-bitpay-adds-matic-support-panini-america-to-accept-polygon-payments-bitcoin-news\/"},"modified":"2022-10-26T18:05:48","modified_gmt":"2022-10-26T18:05:48","slug":"crypto-payments-firm-bitpay-adds-matic-support-panini-america-to-accept-polygon-payments-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-payments-firm-bitpay-adds-matic-support-panini-america-to-accept-polygon-payments-bitcoin-news\/","title":{"rendered":"Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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\u2019s first merchant to accept MATIC payments.<\/strong><\/p>\n

Bitpay Reveals Polygon MATIC Support<\/h2>\n

Bitpay<\/a> announced on Wednesday that the crypto payments processing company now supports the Polygon (MATIC) protocol. Polygon<\/a> is a proof-of-stake (PoS) layer two (L2) Ethereum scaling network that launched in October 2017. In addition to supporting Polygon\u2019s native crypto asset MATIC, Bitpay app users will be able to store, swap, and spend ERC20 tokens associated with the Polygon protocol.<\/p>\n

Bitpay\u2019s decision to add polygon (MATIC)<\/a> follows the company adding<\/a> apecoin (APE) and euro coin (EUROC) support in August, as well as adding<\/a> Lightning Network support in April. During the announcement on Wednesday, Bitpay said that the first merchant to accept MATIC Payments will be the collectibles company Panini America<\/a> in order to support the \u201cnew digital payment option.\u201d Polygon users can pay with MATIC for the company\u2019s sticker and trading card collectibles alongside Panini\u2019s NFT marketplace.<\/p>\n

\u201dWhen adding a new coin for merchants to accept, we look at many factors, but among the most important is its payment utility and community involvement. The Polygon network encourages mass adoption by enabling blockchain networks to connect and scale to support new and existing users,\u201d Bitpay\u2019s CEO Stephen Pair said in a statement on Wednesday.<\/p>\n

\u201cAdding 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,\u201d Pair added. Bitpay further noted on Wednesday that in addition to MATIC, the crypto payments processor also supports 15 other crypto assets and stablecoins.<\/p>\n

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15 crypto assets<\/a>, Apecoin (APE)<\/a>, BitPay<\/a>, Bitpay App<\/a>, Bitpay CEO<\/a>, Bitpay merchant<\/a>, Bitpay merchant directory<\/a>, Bitpay Merchants<\/a>, Bitpay Polygon<\/a>, crypto payments<\/a>, euro coin (EUROC)<\/a>, lightning network<\/a>, matic<\/a>, Panini America<\/a>, Payment Provider<\/a>, Polygon<\/a>, Polygon (MATIC)<\/a>, spend<\/a>, Stephen Pair<\/a>, store<\/a>, swap<\/a><\/div>\n<\/div>\n

What do you think about Bitpay adding Polygon (MATIC) network support? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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