SwapKit and BitPay Integration Enhances Crypto Payment Flexibility with Cross-Chain Swaps

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, which offer tools for integrating cross-chain swap functionality into applications. The toolkit supports transactions involving Bitcoin and over 5,500 other crypto assets across more than 14 blockchains, broadening the range of services that can be built on top of the BitPay platform.

The collaboration between SwapKit.dev and BitPay aligns with the ongoing mission to make cryptocurrency more accessible and usable in everyday transactions. By providing more options for swapping and managing digital assets within the BitPay Wallet, this integration aims to enhance the overall utility of cryptocurrencies in payments and financial services.

For more information about the SwapKit and BitPay integration, visit SwapKit.dev.

About SwapKit

SwapKit.dev offers an API and SDK designed to simplify the integration of THORChain services, providing multi-chain functionality for decentralized applications (dApps) with minimal coding. The platform supports seamless swaps across over 5,500 crypto assets on 14 blockchains, offering tools for optimized quotes, gas pricing, wallet connectivity, and DEX aggregation. SwapKit.dev’s infrastructure is used by various protocols to facilitate cross-chain transactions.

About BitPay

Founded in 2011, BitPay is a company specializing in blockchain payment processing. The company’s services aim to reduce payment processing costs, eliminate fraud chargebacks, and enable borderless payments using cryptocurrencies. The BitPay Wallet provides users with a solution for managing digital assets, including the ability to buy, store, swap, sell, and spend cryptocurrency. BitPay operates globally, with offices in North America, Europe, and South America, and has secured funding from investment firms such as Founders Fund, Index Ventures, and Virgin Group. 

For more information, visit BitPay.

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