BitPay Users to Access DeFi as it Integrates 1inch

Cryptocurrency payment services provider Bitpay has announced the integration of decentralized exchange aggregator 1inch.

This integration will allow Bitpay users to utilize the 1inch DEX to swap ether and other ERC-20 based tokens.

Bitpay users will be able to swap tokens without leaving the Bitpay wallet. Chief Executive Officer and Co-Founder at Bitpay, Stephen Pair spoke on the integration, he said “we wanted to offer users a safe, secure way to interact with them.”

“The Bitpay wallet app lets our power users spend, store and manage crypto and support for the 1inch dex aggregator enables users the ability to get the best of crypto swap rates quickly.” Stephen Pairs added.

The cryptocurrency payment provider has been operating since 2011 with the mission of building blockchain payment technology to transform how businesses and people send, receive, and store money globally.

Read also:

CBN Aims to Bank the Unbanked with the Speed Wallet

Central Bank of Nigeria to Launch Speed Wallet

Mayor of Cool Valley to Give $1,000 in Bitcoin to each Resident but with Strings Attached, See Why

OKEx Lists REVV & to Give Away 300 Exclusive Racing Car NFTs

1inch Network Co-Founder, Kunz Sergej, also speaking on the integration of the Network with Bitpay said,

“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”,

Kunz believes the integration with Bitpay will boost DeFi accessibility by enabling those who haven’t accessed DeFi access the decentralized world of finance and this aligns with the Bitpay’s Stephen Pair who believes the integration will enable users access DeFi and interact with it safely and securely.

What do you think of this story? Share your comments below.