Any ERC-20 coins currently supported on BitPay will automatically be open for swaps on the Polygon network soon.
“For new coins in general, including ERC-20 specifically, we are constantly reviewing and evaluating coins,” Zielke said, adding that BitPay has a “few big coins planned.”
With the new development, BitPay merchants will be able to accept Polygon payments from major Polygon wallets. Panini America, a major United States-based sports and entertainment collectibles company, will be the first merchant to adopt the new digital payment option. “When 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,” BitPay CEO Stephen Pair said, adding:
“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.” Polygon-bridged stablecoins are significantly smaller than those running on native blockchains in terms of adoption so far. According to data from DefiLlama, the market capitalization of Polygon-based USDC
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