1inch Network protocol integrated into BitPay Wallet

The cryptocurrency payment processor BitPay has integrated into its wallet the liquidity-aggregation protocol from the decentralized finance (DeFi) project 1inch Network. ForkLog was told by representatives of the companies.

BitPay Wallet users can exchange Bitcoin and Ethereum, purchased via BitPay Card, Apple Pay or Google Pay, for other digital assets within the app. Thanks to the integration with 1inch Network they gained access to the rates offered by the aggregator.

“As DeFi services are gradually moving toward mass adoption, it is important to provide access to the liquidity aggregator of the DEX 1inch to as many users as possible. The BitPay Wallet app is a great opportunity to reach a new audience,” said Sergej Kunz, co-founder of 1inch Network.

BitPay CEO Stephen Pair noted growing interest in decentralized applications (dApps) and various DeFi protocols among app users.

Earlier in August 1inch Network rolled out a Layer-2 solution from Optimism. The move helps increase transaction speed in the protocol.

As reported in an investment round valued at $2.25 billion.

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