News01 September 2021

Bitpay Users Can Now Access DeFi, DEX Aggregation with the New 1inch Network Support

Bitpay Integrates 1inch DEX Aggregator

Summary

  • Bitpay integrates 1inch network DEX aggregator
  • Bitpay users can swap tokens on the 1inch Network
  • Bitpay to offer users a safe and secure way to transact

On August 31, Bitpay, an Atlanta-based digital currency payment service provider, announced the integrations of 1inch Network DEX (decentralized exchange) aggregator. Bitpay users can now access the 1inch protocol to swap Ethereum and a range of other ERC20 tokens.

Decentralized finance continues to grow exponentially, with data showing a $157 billion TVL (total value locked) across DeFi supporting blockchains. There are more than 3.2 million unique addresses on the Ethereum network decentralized finance as far as user growth is concerned. This is why Bitpay has resolved to make it possible for wallet users to access DeFi markets through integrating the 1inch network protocol.

Stephen Pair, Bitpay’s CEO and Co-founder, explained that decentralized finance protocols and dApps are becoming increasingly popular amongst Bitpay users. “We wanted to offer users a safe, secure way to interact with them,” Pair stressed in a statement. “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 crypto swap rates quickly,” Pair added.

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