BitPay Partners With 1inch Network to Give Users Access to DEX Aggregation Functionality

2021-09-03 23:52:22 Primitive Reading

Leading decentralized exchange (DEX) aggregator, 1inch Network has announced its partnership with the world’s largest bitcoin and cryptocurrency payment services provider, BitPay.

BitPay Integrates With 1inch

The integration with 1inch will enable BitPay wallet users to gain access to all of 1inch’s DEX aggregation functionalities for the best deals from multiple liquidity sources, the partners said in a press release.

Leveraging the lucrative rates for crypto swaps that 1inch offers to those on its platform, BitPay wallet users can swap BTC and ETH, purchased using their BitPay Card, Apple Pay, or Google Pay for other crypto assets. Thus, they can benefit from the best rates and fastest transactions provided by 1inch Network.

BitPay clients can thus enjoy a seamless trading experience, and it can add to the many ways that BitPay wallet app holders can live life on crypto.

The 1inch Network is a DEX aggregator platform that works out the best digital asset prices across multiple liquidity sources, offering users better rates than any individual exchange.

DeFi Moving Towards Mass Adoption

Within just two years of providing its services across different blockchains, including Ethereum, Binance Smart Chain, Polygon, and more, the 1inch Network has exceeded $65 billion in overall volume on the Ethereum network alone.

Speaking on the partnership, 1inch co-founder Sergej Kunz said it has become important to offer access to the 1inch DEX aggregation to as many users as possible, especially as DeFi is gradually heading towards mass adoption.

“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,” Kunz added.

BitPay’s CEO and co-founder, Stephen Pair, noted that the company’s clients are increasingly becoming interested in dApps and DeFi protocols; hence integrating the 1inch DEX aggregator will provide a safe and secure way for users to interact with them.

“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,” Pair said.

BitPay users can access this new feature by downloading the latest version of the BitPay wallet app from the Google Play Store and Apple’s App Store.

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