The post SwapKit and BitPay Integration Enhances Crypto Payment Flexibility with Cross-Chain Swaps appeared on BitcoinEthereumNews.com.

SwapKit.dev, a leader in cross-chain infrastructure, has integrated BitPay, a Bitcoin and cryptocurrency payment processor. This integration allows BitPay Wallet users to directly swap a wider range of cryptocurrencies within their wallets. The integration expands the capabilities of the BitPay Wallet, enabling users to swap a wide array of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin, as well as over 4,800 ERC-20 tokens. By utilizing liquidity from THORChain and other decentralized exchanges (DEXs), BitPay users gain unprecedented asset flexibility without the need to leave their wallets. Keaton Freeman, Partnership Director at SwapKit.dev, highlighted the integration’s goal of streamlining the cryptocurrency payment process for both businesses and consumers. He stated, “SwapKit’s integration with BitPay will empower businesses of all sizes to tap into the vast potential of crypto payments. We’re confident this will streamline the checkout process and enhance the user experience for both merchants and customers.” This partnership brings several key benefits, including expanded blockchain support, allowing BitPay Wallet users to access a wider variety of cryptocurrencies. SwapKit.dev’s cross-chain DEX aggregator ensures seamless swaps between assets by automatically selecting the optimal route for competitive pricing and minimized transaction slippage. The integration also reduces the complexity of cross-chain transactions. By enabling swaps to be completed in a single transaction, the process becomes more efficient with fewer steps required from the user, ultimately lowering barriers to cryptocurrency adoption for payments, particularly for those new to cross-chain exchanges. Bill Zielke, Chief Marketing Officer at BitPay, emphasized the advantages for BitPay Wallet users: “The integration with SwapKit.dev provides our users with the ability to perform cross-chain swaps across multiple networks while maintaining self-custody of their assets. This addition offers greater flexibility in managing digital assets within the BitPay Wallet.” In addition to user-facing benefits, developers gain access to SwapKit.dev’s SDK and API,…

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Filed under: News - @ August 26, 2024 7:25 pm