Explore Web3 with Expanded L2 Network Support + Wallet UI Update

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 to be able 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 sooner, cheaper, and extra environment friendly transactions, all with the intuitive person expertise and progressive options the BitPay group loves. 

So as to benefit from all of those huge advantages, please be sure to have the newest 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 means of a community of companion platforms.Promote: Get aggressive affords on your property and promote for money by means of companion platforms.Swap: Entry a wide range of supported tokens and swap crypto by means of trusted trade suppliers.Ship/obtain: Ship and obtain P2P transactions shortly and securely.

One of the best self-custody pockets to carry and join your property.

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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 adjustments now accessible 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 

Uninterested in 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 probably the most out of your pockets!

What all of it means for you

Among the key advantages this replace offers to you embody:

Elevated usability: Seamlessly work together with Web3 dApps and platforms, increasing your cryptocurrency’s utility.Pace: Get pleasure from near-instant transactions with Layer 2 networks, eliminating lengthy wait occasions.Value-efficiency: Considerably decrease transaction charges make on a regular basis transactions extra reasonably priced and sensible.Extra networks and tokens: Retailer, handle, and use lots 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 strategy to scaling options has shortly made it a preferred alternative amongst builders and customers alike.

Learn extra about Arbitrum

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 functions.

Learn extra about Optimism

Base

Developed by Coinbase, Base is a Layer 2 community designed to supply a safe, low-cost, and developer-friendly surroundings for constructing decentralized functions. Its robust backing and revolutionary design make it a standout within the Layer 2 panorama.

Learn extra about Base

What’s subsequent?

Within the coming months, we shall be including help to spend tokens on Arbitrum, Optimism, and Base throughout the BitPay funds platform – together with paying retailers, shopping for reward playing cards, paying payments, and sending mass payouts. 

Keep tuned for extra updates as we proceed to broaden our community help and convey much more options to boost your cryptocurrency expertise. Our ongoing efforts intention to help extra networks and enhance the platform, making certain BitPay stays on the forefront of the broad world of cryptocurrency.