The 1inch decentralized exchange aggregator is integrated into the BitPay cryptocurrency wallet application for performing cryptocurrency swaps.
According to a 1inch blog post, the new partnership will give BitPay users access to the DEX aggregation feature to make the best deals from multiple liquidity sources. As a result of the integration, users of the BitPay Wallet application can use the rate data from 1inch to exchange cryptoassets without leaving the application. BitPay users will be able to swap BTC and ETH purchased with BitPay Card, Apple Pay or Google Pay.
“As DeFi services are gradually moving towards mass adoption, it is important to offer access to the DEX 1inch aggregator to as many users as possible,” said 1inch Network co-founder Sergey Kunz. “The BitPay Wallet app is a great opportunity for us to reach out to a new audience who, in turn, will benefit from access to 1inch rates and a seamless exchange process.”
BitPay offers customers digital asset management solutions including wallet and prepaid card.
“DeFi protocols and decentralized applications are becoming popular tools among BitPay users, and we want to offer them a safe and reliable way to interact with cryptoassets,” said Stephen Pair, CEO and Co-Founder of BitPay. “The BitPay Wallet app gives users the ability to spend, store and manage cryptoassets, and support for the 1inch aggregator allows fast swap data.”
Recently, decentralized exchange aggregator 1inch announced the launch of its smart contracts based on the second-tier Optimism solution for the Ethereum network.
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