We’re excited to announce vital updates to our pockets app! The self-custody BitPay Pockets now helps three new Ethereum Layer 2 networks: Arbitrum, Optimism, and Base. And with the intention to get most usability out of those progressive networks, we’ve refined the app UI to make managing ALL of your property even simpler. This enhancement goals to offer customers with sooner, cheaper, and extra environment friendly transactions, all with the intuitive person expertise and progressive options the BitPay group loves.
As a way to make the most of all of those large advantages, please be sure to have the newest app model!
What are you able to do with Arbitrum, Optimism, and Base?
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Discover: Join your self-custody BitPay Pockets to Web3 and decentralized finance apps.
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Retailer securely: Handle your crypto property securely with BitPay’s self-custody pockets that includes industry-leading safety.
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Purchase: Simply view market charges and buy a variety of supported tokens by way of a community of companion platforms.
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Promote: Get aggressive gives on your property and promote for money by way of companion platforms.
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Swap: Entry a wide range of supported tokens and swap crypto by way of trusted change suppliers.
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Ship/obtain: Ship and obtain P2P transactions shortly and securely.
One of the best 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 below are among the main adjustments now accessible within the BitPay Pockets app:
EVM account wallets
Retailer, handle, and make the most of all your 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
Uninterested in manually including tokens to your Web3 wallets? BitPay Pockets now robotically 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 all your property.
That is simply the beginning – extra enhancements and options are coming quickly that can assist you get probably the most out of your pockets!
What all of it means for you
Among the key advantages this replace gives to you embrace:
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Elevated usability: Seamlessly work together with Web3 dApps and platforms, increasing your cryptocurrency’s utility.
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Pace: Take pleasure in near-instant transactions with Layer 2 networks, eliminating lengthy wait occasions.
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Price-efficiency: Considerably decrease transaction charges make on a regular basis transactions extra inexpensive and sensible.
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Extra networks and tokens: Retailer, handle, and use a whole bunch 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 expertise, which improves transaction speeds and reduces prices on the Ethereum community. Its distinctive method to scaling options has shortly made it a well-liked 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 expertise ensures quick and safe transactions, making it a strong alternative for DeFi purposes.
Base
Developed by Coinbase, Base is a Layer 2 community designed to supply a safe, low-cost, and developer-friendly atmosphere for constructing decentralized purposes. Its sturdy backing and progressive design make it a standout within the Layer 2 panorama.
What’s subsequent?
Within the coming months, we might be including assist 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 assist and produce much more options to boost your cryptocurrency expertise. Our ongoing efforts intention to assist extra networks and enhance the platform, guaranteeing BitPay stays on the forefront of the extensive world of cryptocurrency.
