BitPay to introduce USDC and ETH payments on Polygon network

2022/10/26 14:00

According to Cointelegraph, BitPay and Polygon jointly announced on Oct. 26 the integration of Polygon on the BitPay app, allowing customers to spend Polygon-bridged ERC-20 tokens.

The BitPay app is specifically preparing to support payments in tokens like Polygon-based USD Coin later this week. USDC developer Circle originally launched the USDC stablecoin on the Ethereum blockchain, bridging it over to Polygon via the Polygon Bridge in June 2022.

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.

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