United States, August 24, 2024 / AlexaBlockchain/ – SwapKit.dev, an innovative provider of cross-chain infrastructure solutions, today announced its upcoming integration with BitPay, the world’s leading Bitcoin and cryptocurrency payment processor. This integration will empower BitPay users to unlock a wider range of digital assets, leveraging SwapKit to access cross-chain liquidity via THORChain for seamless in-wallet exchange of diverse cryptocurrencies.
“SwapKit’s integration with BitPay will empower businesses of all sizes to tap into the vast potential of crypto payments.” says Keaton Freeman, SwapKit’s Partnership Director. “We’re confident this will streamline the checkout process and enhance the user experience for both merchants and customers.”
The launch of the SwapKit-BitPay integration is targeted for August 22, 2024. This partnership will provide significant benefits for businesses, including:
- Expanded Blockchain Support: Swap a wider variety of cryptocurrencies within the BitPay Wallet and online swap marketplace. This includes native Bitcoin ($BTC), Bitcoin Cash ($BCH), Ethereum ($ETH), Dogecoin ($DOGE), Litecoin ($LTC)
- ERC-20 Asset support: Through SwapKit’s advanced cross-chain DEX aggregator, BitPay users are able to swap seamlessly between 4,800+ long-tail assets on Ethereum via liquidity on THORChain, Uniswap V2/ V3, Sushiswap and 1inch. SwapKit automatically selects the best route for BitPay users for optimized pricing.
- Reduced Friction: Streamlined cross-chain transactions in a single transaction with better rates and reduced slippage.
- Enhanced User Experience: Offer customers more payment flexibility and a smoother checkout process.
SwapKit’s SDK and API empower developers to integrate robust cross-chain swap functionality into their applications, supporting native Bitcoin transactions and over 5,500+ crypto assets across 14+ blockchains. BitPay’s integration marks a significant milestone in SwapKit’s mission to advance the crypto industry by providing innovative solutions for all businesses and protocols.
“By leveraging SwapKit’s cross-chain capabilities, BitPay Wallet users gain access to competitive swaps across multiple networks and thousands of coins,” says Bill Zielke, Chief Marketing Officer. “This partnership unlocks more asset flexibility and choice while ensuring 100% self-custody. We’re thrilled to provide this expanded capability.”
By leveraging SwapKit’s extensive toolkit, BitPay users can now execute cross-chain swaps using thousands of coins, with the benefit of always getting the most competitive rate. Swaps can be made from the BitPay Wallet, a leading self-custody wallet app, in addition to using other self-custody wallets at BitPay.com.
Learn more about how SwapKit can simplify your crypto payments, visit https://swapkit.dev/.
About SwapKit
SwapKit provides a composable, user-friendly API + SDK that simplifies THORChain integration, allowing any dApp to achieve multi-chain functionality in under 100 lines of code. With streamlined affiliate fees, optimized quotes & gas pricing, robust wallet connectivity, and DEX aggregation capabilities, SwapKit facilitates seamless swaps among over 5,500 crypto assets across 14 blockchains in a single transaction. Trusted by leading protocols like THORSwap, KeepKey, and Onekey, SwapKit abstracts the complexities of integrating THORChain services, offering a battle-tested infrastructure that ensures cost-effective, enterprise-level performance.
About BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. For consumers, the BitPay Wallet offers a complete digital asset management solution to buy, store, swap, sell, and spend cryptocurrency with ease. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
Source: SwapKit
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