Shopping.io to Integrate Polygon’s $MATIC Payment Option to Its Platform

UTC by Bhushan Akolkar · 2 min read
Shopping.io to Integrate Polygon’s $MATIC Payment Option to Its Platform
Photo: Depositphotos

For the first thirty days of $MATIC integration, Shopping.io will also provide a 2% discount. The option for payment via Polygon’s $MATIC will be available along with holding Shopping.io’s native token $SHOP.

On Tuesday, October 4, Shopping.io announced that they will be integrating the $MATIC cryptocurrency as a form of payment on the platform. As a result, Shopping.io will add the $MATIC crypto to its native payment processor Shopping Pay.

This will allow the retailers to purchase the goods from some of the biggest retailers in the world including eBay, Amazon, Walmart, and Home Depot. This gives a major utility boost for Polygon’s $MATIC crypto outside its own chain.

This offers another layer to the token’s intrinsic value while encouraging more widespread collaborations. For the first thirty days of $MATIC integration, Shopping.io will also provide a 2% discount.  They are also offering free shipping for the first seven days with every use of the token.

The option for payment via Polygon’s $MATIC will be available along with holding Shopping.io’s native token $SHOP. It will also give $MATIC holders the opportunity to save money on all their online orders. The official announcement also adds:

“Shopping.io is currently in the process of releasing ShoppingPay (Its publicly available payment processor) and its Web extension. Following these developments, $MATIC will not only be available through the previously mentioned retailers but through any retail website compatible with Shopping.io’s platforms.”

The Rise of Polygon and MATIC

Founded in 2017, Polygon is a layer-2 scalability platform for the Ethereum blockchain network. The Polygon blockchain network has gained tremendous momentum in recent years due to its ability to offer instant low-cost transactions.

Before, Ethereum’s transition to PoS, Polygon’s key goal was to address the scalability concerns of the Ethereum blockchain network. Just like Ethereum, the Polygon blockchain also has the ability to host smart contracts, games, dApps, and much more.

Last year in 2021, the Polygon blockchain went through some key developments that provided an ultimate boost to the network’s widespread adoption. It has also put a lot of limelight on Polygon’s native cryptocurrency $MATIC.

Last year, the Polygon blockchain announced its $150 million fund with the objective of bringing additional benefits for DeFi, farming, as well as lending to a larger user base. Tech billionaire Mark Cuban also announced a major investment in Polygon last year.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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