We’re excited to announce important updates to our pockets app! The self-custody BitPay Pockets now helps three new Ethereum Layer 2 networks: Arbitrum, Optimism, and Base. And as a way to get most usability out of those revolutionary networks, we’ve refined the app UI to make managing ALL of your property even simpler. This enhancement goals to offer customers with quicker, cheaper, and extra environment friendly transactions, all with the intuitive consumer expertise and progressive options the BitPay group loves.
So as to reap the benefits of all of those huge advantages, please be sure to have the most recent app model!
What are you able to do with Arbitrum, Optimism, and Base?
- Discover: Join your self-custody BitPay Pockets to Web3 and decentralized finance apps.
- Retailer securely: Handle your crypto property securely with BitPay’s self-custody pockets that includes industry-leading safety.
- Purchase: Simply view market charges and buy a spread of supported tokens by a community of associate platforms.
- Promote: Get aggressive presents on your property and promote for money by associate platforms.
- Swap: Entry quite a lot of supported tokens and swap crypto by trusted change suppliers.
- Ship/obtain: Ship and obtain P2P transactions rapidly and securely.
The perfect self-custody pockets to carry and join your property.
Up to date BitPay Pockets UI
Along with now supporting Arbitrum, Optimism, and Base, we’ve refreshed the BitPay Pockets app UI to make it simpler to handle and use a number of networks from one pockets. Listed here are among the main modifications now out there within the BitPay Pockets app:
EVM account wallets
Retailer, handle, and make the most of your whole Ethereum and Layer 2 property in a single place with EVM accounts.
Simplified pockets creation
Select from UTXO, Account-based, or Multisig wallets when creating or importing a pockets.
Auto-detect tokens
Bored with manually including tokens to your Web3 wallets? BitPay Pockets now routinely detects tokens despatched to your EVM account, making crypto administration simpler than ever.
Higher sorting and filtering by chain
For our multichain customers – simply flip from community to community to extra seamlessly handle and make the most of your whole property.
That is simply the beginning – extra enhancements and options are coming quickly that can assist you get essentially the most out of your pockets!
What all of it means for you
Among the key advantages this replace supplies to you embrace:
- Elevated usability: Seamlessly work together with Web3 dApps and platforms, increasing your cryptocurrency’s utility.
- Velocity: Take pleasure in near-instant transactions with Layer 2 networks, eliminating lengthy wait occasions.
- Value-efficiency: Considerably decrease transaction charges make on a regular basis transactions extra inexpensive and sensible.
- Extra networks and tokens: Retailer, handle, and use tons of of tokens throughout much more Layer 2 networks.
Background on new L2 networks
Arbitrum
Launched in 2021, Arbitrum is thought for its environment friendly rollup know-how, which improves transaction speeds and reduces prices on the Ethereum community. Its distinctive method to scaling options has rapidly made it a preferred alternative amongst builders and customers alike.
Optimism
As one of many earliest Layer 2 options for Ethereum, Optimism focuses on enhancing throughput and lowering transaction charges. Its optimistic rollup know-how ensures quick and safe transactions, making it a sturdy alternative for DeFi purposes.
Base
Developed by Coinbase, Base is a Layer 2 community designed to supply a safe, low-cost, and developer-friendly surroundings for constructing decentralized purposes. Its sturdy backing and revolutionary design make it a standout within the Layer 2 panorama.
What’s subsequent?
Within the coming months, we will likely be including help to spend tokens on Arbitrum, Optimism, and Base throughout the BitPay funds platform – together with paying retailers, shopping for present playing cards, paying payments, and sending mass payouts.
Keep tuned for extra updates as we proceed to develop our community help and convey much more options to reinforce your cryptocurrency expertise. Our ongoing efforts goal to help extra networks and enhance the platform, making certain BitPay stays on the forefront of the vast world of cryptocurrency.