Pay Integrates with DeFi Swap For Increased Use Cases

DeFi Pay Integrates with DeFi Swap For Increased Use Cases Pay’s recently integrated with DeFi Swap to enable payments in 17 new DeFi tokens. This is expected to provide increased flexibility to customers and merchants alike. The merger would also enable the liquidity providers of DeFi Swap to avail the benefits of swap fees on each transaction. Pay is a feature of that offers benefits like low gas fees, cashback to both consumers and merchants, and low processing fees. The incorporation of the DeFi Swap feature will likely broaden Pay’s coverage as it allows merchants to accept payments from customers in 17 tokens, which include ETH, LINK, CRV, YFI, TRU, FARM, COMP, UNI, WBTC, UMA, SWRV, REN, NEST, HBTC, renBTC, AAVE, and CRO.

The users can access the newly added DeFi tokens by scanning the QR code available in the app and then choosing the desired token to pay instantly. Users of wallets like Metamask and WalletConnect can also avail the facility by simply linking their wallets to Pay; however, they have to pay the gas fee which is free for Pay users. Moreover, consumers who choose to pay with the native token of, CRO, are eligible to receive a cash-back reward of up to 10% on payments.

Talking about the integration, Kris Marszalek, the CEO of said,

“The migration toward digital payments continues to accelerate and the shift to digital forms of currencies is inevitable. Our expertise in digital payments provides us with the opportunity, and the responsibility to help meet the growing demand of the market. Adding new tokens to Pay is how we are going to contribute to shaping the role that cryptos will play in the future of global commerce.”

In addition to providing flexibility to merchants and consumers, the integration will also bring in new users for trading and payments. The DeFi Swap’s liquidity provider can enjoy the swap-fee sharing benefits on each currency swap.

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.