The 1inch Network partners with BitPay
Thanks to the partnership, BitPay users will get access to the 1inch dApp’s DEX aggregation functionality for the best deals across multiple liquidity sources.
The 1inch Network is thrilled to announce integration with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, opening access to the 1inch DEX aggregation functionality for BitPay Wallet app users.
As a result of the integration, BitPay Wallet app users can take advantage of lucrative rates for crypto swaps offered by the 1inch Network without leaving the application, making the user experience seamless and adding to the many ways BitPay Wallet app holders can live life on crypto.
BitPay users can swap BTC and ETH, purchased using the BitPay Card, Apple Pay or Google Pay, for other crypto assets, benefitting from the best rates and fastest transactions via 1inch.
“As DeFi services gradually progress towards mass adoption, it is important to offer access to the 1inch DEX aggregation to as many users as possible,” says Sergej Kunz, 1inch Network co-founder. “And the BitPay Wallet app is a perfect opportunity for us to reach out to new audiences who, in turn, will benefit from the 1inch’s attractive rates and user-friendly swap process.”
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services.
BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses.
“DeFi protocols and dApps are becoming popular tools for BitPay’s crypto users and we wanted to offer users a safe, secure way to interact with them,” said BitPay CEO and co-founder Stephen Pair. “The BitPay Wallet app lets users spend, store and manage crypto and support for the 1inch DEX aggregator enables users the ability to get the best crypto swap rates quickly.”
The company has offices in North America, Europe, and South America and has raised more than $70 mln in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.
Most recently, BitPay implemented functionality enabling US holders of the BitPay Prepaid Mastercard to add their card to Google Wallet and make payments using Google Pay. With Google Pay, BitPay cardholders can make secure contactless purchases in-app, online, and in-person with Android phones, tablets or watches.
Stay tuned in order not to miss more upcoming updates and integrations from the 1inch Network!