Location, August 26, 2024 — SwapKit.dev, a provider of cross-chain infrastructure solutions, has recently integrated with global Bitcoin and cryptocurrency payment processor, BitPay. This integration expands the range of digital assets accessible to BitPay users, who can now conduct in-wallet exchanges of various cryptocurrencies using the integration’s cross-chain liquidity capabilities.
The integration enables BitPay Wallet users to leverage SwapKit’s cross-chain infrastructure, including liquidity sourced from THORChain and other decentralized exchanges (DEXs). This integration supports an array of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin, and over 4,800 ERC-20 tokens
Keaton Freeman, Partnership Director at SwapKit, highlighted the integration’s potential to streamline crypto payments. “SwapKit’s integration with BitPay will empower businesses of all sizes to tap into the vast potential of crypto payments,” Freeman said. “We’re confident this will streamline the checkout process and enhance the user experience for both merchants and customers.”
Key features of the integration include the ability to support an expanded variety of blockchains and cryptocurrencies directly within the BitPay Wallet. Users will also benefit from SwapKit’s cross-chain DEX aggregator, which selects the most efficient swap route to provide optimized pricing and reduced transaction slippage.
Additionally, the integration aims to reduce friction in cross-chain transactions by allowing users to execute swaps in a single transaction. This streamlined approach is expected to improve the overall user experience by simplifying the process of exchanging digital assets. The enhanced payment flexibility is also anticipated to benefit customers when using BitPay as a payment method during the checkout process.
Bill Zielke, Chief Marketing Officer at BitPay, commented on the integration, noting that BitPay Wallet users now have access to swaps across multiple networks and coins. “This partnership unlocks more asset flexibility and choice while ensuring 100% self-custody. We’re thrilled to provide this expanded capability.”
The integration also provides developers with access to SwapKit’s SDK and API, enabling them to incorporate cross-chain swap functionality into their applications. This toolkit supports native Bitcoin transactions and over 5,500 crypto assets across more than 14 blockchains. The integration with BitPay is a crucial step in SwapKit’s ongoing efforts to offer cross-chain solutions that cater to a wide range of business needs.
With this integration, BitPay users can access a broader selection of digital assets and benefit from competitive exchange rates. Transactions can be conducted either from within the BitPay Wallet or using other self-custody wallets on BitPay.com, offering users flexibility in how they manage their cryptocurrency transactions.
For more information about integration and its services, please visit SwapKit.dev.
About SwapKit
SwapKit.dev provides an API and SDK designed to simplify THORChain integration, enabling decentralized applications (dApps) to achieve multi-chain functionality. With features such as optimized quotes, gas pricing, wallet connectivity, and DEX aggregation, SwapKit facilitates the exchange of over 5,500 crypto assets across 14 blockchains. The company’s infrastructure is utilized by protocols like THORSwap, KeepKey, and OneKey, offering a solution that abstracts the complexities of integrating cross-chain services.
About BitPay
Founded in 2011, BitPay is a blockchain payment processing company that provides solutions for businesses and consumers to manage digital assets. BitPay’s services include eliminating fraud chargebacks, reducing the cost of payment processing, and enabling borderless payments. The BitPay Wallet offers users a comprehensive digital asset management tool for buying, storing, swapping, selling, and spending cryptocurrency. BitPay operates offices in North America, Europe, and South America and has raised over $70 million in funding. For more information, visit BitPay.
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