Bitpay, an Atlanta-based cryptocurrency payment provider, announced on August 31 that Bitpay wallet had integrated the decentralized aggregator (dex), 1inch Network. Bitpay wallet users can use 1 inch protocol to trade ether or a myriad of ERC20 coins.
Bitpay wallet supports 1 inch
Statistics show that decentralized finance (challenge), has grown exponentially. defillama.comData shows that there is $ 157 Billion in total locked-in value (TVL), across all blockchains supporting this challenge.
Metrics Analyse of duneIt is estimated that there are 3.2 Million unique addresses when it comes to the growth of the number of Ethereum network users. Pay by bitBitpay wallet users can now participate in the challenge market action through support for dex aggregation protocol 1 inch.
The 1″ dex aggregator scans a multitude of dex platforms, such as Uniswap and Sushiswap to find the lowest prices for crypto trader. The native governance token of the 1 inch challenge protocol is used for staking.
Bitpay, the world’s biggest crypto payment provider, announced on Tuesday that the company had partnered with 1inch. The protocol is now available for Bitpay wallet users. Users can access the Bitpay wallet and use the 1inch aggregation function without leaving the wallet.
CEO of Bitpay: “We wanted to give users a safe way to interact with Defi applications.”
Stephen Pair, Bitpay CEO, and co-founder, explained on Tuesday that Bitpay users love decentralized apps (dapps), as well as challenge protocols.
“We wanted to provide a safe and secure way for users to interact with them,” Peer said in a statement. The Bitpay wallet app allows our powerful users to store, spend and manage crypto. Additionally, the 1 inch dex aggregater support allows users to quickly obtain the best crypto exchange rates. Added Pair
Bitpay wallet support follows 1-inch’s announcement that the protocol would use Ethereum scaling solution “Positive accumulations»Via the Optimism Gateway. Sergej KunzCo-founder of 1inch Network, he believes that Bitpay’s partnership will make it easier for users to use the network around the globe.
“As the challenge services progressively move towards mass adoption, it is important to offer access to the 1-inch aggregation to as many users as possible,” Kunz noted during the announcement.
What do you think about Bitpay adding 1″ network support to Bitpay wallet to allow users to access the challenge? Let us know what your opinion is in the comments section below.
Credits to the images: Shutterstock. Pixabay. Wiki Commons. Bitpay. 1 inch
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