Location, August 26, 2024 — SwapKit.dev, a leading innovator in cross-chain infrastructure solutions, has announced its integration with BitPay, a Bitcoin and cryptocurrency payment processor. The integration, will expand the cross-chain swap functionality of the BitPay Wallet, enabling users to exchange a broader range of digital assets directly within their wallets.
This integration broadens the capabilities of the BitPay Wallet, allowing users to swap cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin, alongside more than 4,800 ERC-20 tokens. By leveraging liquidity from THORChain and other decentralized exchanges (DEXs), BitPay users will gain access to enhanced asset flexibility without leaving their wallets. SwapKit.dev’s cross-chain DEX aggregator will facilitate seamless swaps between assets, automatically selecting the optimal route to provide competitive pricing and minimize transaction slippage.
Keaton Freeman, Partnership Director at SwapKit.dev, noted that the integration is aimed at improving the user experience for all BitPay users. “We’re confident this will streamline the checkout process and enhance the user experience for both merchants and customers.”
The integration is also designed to reduce the complexity of cross-chain transactions. By enabling swaps to be completed in a single transaction, the process is expected to be more efficient, with fewer steps required from the user. This streamlined approach is intended to lower barriers to using cryptocurrency for payments, particularly for those new to cross-chain exchanges. In addition to these user-facing benefits, developers will have access to SwapKit.dev’s SDK and API, which offer tools for integrating cross-chain swap functionality into applications.
Bill Zielke, Chief Marketing Officer at BitPay, highlighted the benefits of this new functionality for BitPay Wallet users. “By leveraging SwapKit’s cross-chain capabilities, BitPay Wallet users gain access to competitive swaps across multiple networks and thousands of coins,” Zielke remarked “This partnership unlocks more asset flexibility and choice while ensuring 100% self-custody. We’re thrilled to provide this expanded capability.”
The partnership between SwapKit.dev and BitPay aligns with the ongoing efforts to make cryptocurrency more accessible and usable in everyday applications. By offering more tools and options for swapping and managing digital assets for cryptocurrency developers and investors , this integration aims to enhance the overall utility of cryptocurrencies in payments and financial services.
For additional information about the SwapKit.dev and BitPay integration, visit SwapKit.dev.
About SwapKit
SwapKit.dev offers an API and SDK designed to simplify the integration of THORChain services, providing multi-chain functionality for decentralized applications (dApps) with minimal coding. The platform supports seamless swaps across over 5,500 crypto assets on 14 blockchains, offering tools for optimized quotes, gas pricing, wallet connectivity, and DEX aggregation. SwapKit.dev’s infrastructure is used by various protocols to facilitate cross-chain transactions.
About BitPay
Founded in 2011, BitPay is a company specializing in blockchain payment processing. The company’s services aim to reduce payment processing costs, eliminate fraud chargebacks, and enable borderless payments using cryptocurrencies. The BitPay Wallet provides users with a solution for managing digital assets, including the ability to buy, store, swap, sell, and spend cryptocurrency. BitPay operates globally, with offices in North America, Europe, and South America, and has secured funding from investment firms such as Founders Fund, Index Ventures, and Virgin Group.
For more information, visit BitPay.
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