Today, SwapKit, a highly scalable cross-chain API and SDK solution, integrated BitPay, a leading self-custody wallet app.
Using SwapKit’s cross-chain technology, BitPay expands the amount of cryptocurrencies it has available for swapping.
“SwapKit’s integration with BitPay will empower businesses of all sizes to tap into the vast potential of crypto payments,” says Keaton Freeman, SwapKit’s Partnership Director.
“We’re confident this will streamline the checkout process and enhance the user experience for both merchants and customers.”
SwapKit x BitPay’s Cross-Chain Crypto Swaps
The collaboration will provide various benefits for businesses, such as the ability to swap over 4.8K long-tail assets (including $BTC, $ETH, $DOGE, and $LTC) within the BitPay wallet and online swap marketplace.
It will achieve such goals through THORChain, Unsiwap V2/V3, and 1inch’s liquidity. However, SwapKit’s cross-chain decentralized exchange (DEX) aggregator will decide which DEX is best to use based on the cheapest prices and minimal slippage at the time.
Highlighting SwapKit’s efficiency and effectiveness, the API and SDK recently facilitated a ~6.7M (114.75 $BTC) cross-chain swap with just 0.05% slippage for one transaction.
“By leveraging SwapKit’s cross-chain capabilities, BitPay Wallet users gain access to competitive swaps across multiple networks and thousands of coins,” says Bill Zielke, Chief Marketing Officer.
“This partnership unlocks more asset flexibility and choice while ensuring 100% self-custody. We’re thrilled to provide this expanded capability.”
So, if wanting to perform cross-chain swaps with the option of thousands of coins with advantageous rates, check out SwapKit today: https://swapkit.dev
