-Polygon has partnered with BitGo to allow MATIC holders to stake their ERC-20 MATIC tokens and earn rewards.
-BitGo decided to support Polygon due to its features such as fast speed, low gas fees, higher security, and commitment to carbon neutrality.
-This is not the first partnership that Polygon has entered into; it has also entered into a partnership with Mastercard to launch a Web3 Artist Accelerator Program.
Polygon, a decentralized Ethereum-based scaling platform, has entered into a strategic partnership with BitGo, an industry leader in regulated custody, financial services, and core infrastructure for investors. This partnership will allow MATIC holders to stake their ERC-20 MATIC tokens through BitGo and earn rewards.
BitGo decided to support Polygon due to the platform’s outstanding features such as fast speed, low gas fees, higher security, and commitment to carbon neutrality. On top of that, MATIC holders will now have access to wallet and custody services that BitGo provides.
Chen Fang, COO of BitGo, commented on the partnership, “By offering more features for MATIC, we’re providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.”
This is not the first partnership that Polygon has entered into in recent times. It has also entered into a partnership with Mastercard to launch a Web3 Artist Accelerator Program. This program will support creators and artists in leveraging Polygon’s blockchain technology to monetize their work in a safe and secure way.
At the time of writing, MATIC’s price was $0.969 on the one-day chart. This week, the price of MATIC has been trending downward. It remains to be seen how this partnership will affect the MATIC price in the long-term.
Overall, the Polygon-BitGo partnership is an exciting development for MATIC holders. With the addition of wallet and custody services, MATIC holders will be able to gain more control over their assets and increase their rewards with staking capabilities. It is clear that Polygon is actively building strategic partnerships that will help the platform and MATIC holders in the long-term.