BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay app later this week. For the first time, BitPay app holders will have access to spend other ERC-20 tokens including USDC, DAI, ETH and WBTC on the Polygon Network. BitPay merchants will be able to accept Polygon payments from the most popular Polygon wallets.

Panini America is offering its consumers a new digital payment choice as the first retailer to accept MATIC through BitPay. With more than 1,000 new collection launches annually, Panini is the global market leader in the world of sticker and trading card collections. It is also one of the top publishers of children’s magazines, books, comics, and graphic novels. Through Panini’s NFT marketplace, users have access to thousands of NBA, NHL, NFL, and other NFTs.

“We’re really excited to be able to support another coin within the Panini Wallet, especially one so connected with the NFT market. The opportunity to partner closely with BitPay, continue to develop the Panini NFT platform, and continue to give our collectors greater payment flexibility and options during this NFT market cycle is a key reason we’ve chosen to work so closely with BitPay,”

                                                                Jason Howarth, VP Marketing, Panini America.

For both web3 consumers and creators, the Polygon frictionless and carbon-neutral Layer-2 Ethereum scaling platform provides a quick, scalable, and ultra-low fee environment. Its native coin, MATIC, is utilized for decentralized app participation, transaction fees, and blockchain governance (dapps). With over 37,000 dapps and partnerships with major brands and companies including DraftKings, Meta, Starbucks, Reddit, and Stripe, the network is quickly emerging as the de facto Web3 platform.

”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. The Polygon network encourages mass adoption by enabling blockchain networks to connect and scale to support new and existing users,”

“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.”

                                                                                                  Stephen Pair, CEO of BitPay.

“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,”

“We’re thrilled the utility of MATIC is expanding and adding further value to the Polygon ecosystem.”

                                                                           Sandeep Nailwal, Co-Founder of Polygon.

The automatic update to add MATIC to the mix of cryptocurrencies is sent to BitPay merchants and BitPay app users. Merchants can accept Polygon payments without making any modifications or changes. Customers can choose to pay using their supported wallets, including the BitPay Wallet. BitPay supports 15 cryptocurrencies in addition to Polygon (MATIC), including Ape Coin (APE), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), XRP (XRP), Wrapped Bitcoin (WBTC), as well as six stable coins: Euro Coin (EUROC), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Pax (GUSD).