SwapKit and BitPay to Launch Cross-Chain Crypto Swap Integration

Location, August 26, 2024 — SwapKit.dev, a provider of cross-chain infrastructure, has announced a new partnership with BitPay, a prominent Bitcoin and cryptocurrency payment processor. This collaboration will integrate SwapKit’s cross-chain swap capabilities into the BitPay Wallet, allowing users to access a wider range of digital assets and conduct in-wallet exchanges across different blockchain networks.

This collaboration will extend the functionality of BitPay Wallet by allowing users to access and swap between various cryptocurrencies, including native Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin. In addition, the integration will support over 4,800 ERC-20 tokens, providing users with increased flexibility in managing their digital assets. The integration leverages SwapKit’s cross-chain decentralized exchange (DEX) aggregator, which is designed to automatically select the most efficient swap route to optimize pricing for users.

According to Keaton Freeman, Partnership Director at SwapKit, “SwapKit’s integration with BitPay will empower businesses of all sizes to tap into the vast potential of crypto payments.”

The partnership is intended to address several challenges associated with cryptocurrency transactions. By enabling cross-chain swaps within a single transaction, the integration is expected to reduce friction and complexity in the exchange process. This streamlined approach is designed to minimize slippage and improve the overall user experience for those conducting transactions in the BitPay Wallet.

Bill Zielke, Chief Marketing Officer at BitPay, commented on the collaboration, stating, “By leveraging SwapKit’s cross-chain capabilities, BitPay Wallet users gain access to competitive swaps across multiple networks and thousands of coins”

The integration also offers opportunities for developers who use SwapKit’s software development kit (SDK) and application programming interface (API). These tools enable developers to incorporate cross-chain swap functionality into their applications, supporting transactions across 14 different blockchains and over 5,500 crypto assets. The integration with BitPay is seen as part of SwapKit’s broader strategy to provide solutions that facilitate cross-chain functionality in various applications.

For BitPay users, this partnership offers a way to conduct cross-chain swaps with access to a wide range of digital assets while ensuring competitive rates. Swaps can be performed within the BitPay Wallet, a self-custody wallet app, as well as through other self-custody wallets on BitPay.com.

For more information about the integration and how it may impact crypto payments, visit SwapKit.dev.

About SwapKit

SwapKit.dev offers an API and SDK designed to facilitate the integration of THORChain services into decentralized applications (dApps). With features including DEX aggregation, optimized gas pricing, and support for over 5,500 cryptocurrencies across 14 blockchains, SwapKit provides developers with the tools to implement cross-chain swap functionality with minimal complexity.

About BitPay

BitPay, founded in 2011, is a Bitcoin and cryptocurrency payment processor. The company provides a range of services aimed at transforming how businesses and individuals manage and transact with digital assets. BitPay’s solutions include tools to reduce payment processing costs, eliminate chargebacks, and enable borderless payments. The BitPay Wallet offers a platform for users to buy, store, swap, sell, and spend cryptocurrency. For more information, visit BitPay.

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