• Polygon and BitGo recently announced a partnership to provide MATIC holders with staking capabilities and earn rewards.
• BitGo decided to support Polygon due to its benefits such as fast speed, low gas fees, higher security, and commitment to carbon neutrality.
• The price of MATIC has been trending downward, currently priced at $0.969 on the one-day chart.
Polygon, a decentralized Ethereum-based scaling platform, and BitGo, a provider of regulated custody, financial services, and core infrastructure for investors, have announced a strategic partnership to provide MATIC holders with staking capabilities and earn rewards.
The partnership between the two firms is aimed at providing MATIC holders with wallet and custody services. With this partnership, MATIC holders can stake their ERC-20 MATIC tokens through BitGo and receive rewards for doing so.
BitGo decided to support Polygon due to the numerous benefits that it provides. These benefits include fast speed, low gas fees, higher security, and commitment to carbon neutrality.
Chen Fang, COO of BitGo, stated, “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.”
The partnership between Polygon and BitGo isn’t the first one that Polygon has entered in recent times. It has also entered several other partnerships with other platforms.
At the time of writing, MATIC’s price has been trending downwards. It is currently priced at $0.969 on the one-day chart.
The Polygon-BitGo partnership is expected to provide MATIC holders with a secure and rewarding way to stake their tokens. It will also provide platforms with the necessary tools to build the future.
Polygon and BitGo have recently announced a strategic partnership to provide MATIC holders with staking capabilities and earn rewards. BitGo, a provider of regulated custody, financial services, and core infrastructure for investors, saw the numerous benefits that Polygon provides such as fast speed, low gas fees, higher security, and commitment to carbon neutrality, and decided to support this decentralized Ethereum-based scaling platform.
The partnership between the two firms is geared towards providing MATIC holders with wallet and custody services. With this partnership, MATIC holders can stake their ERC-20 MATIC tokens through BitGo and earn rewards for doing so. As Chen Fang, COO of BitGo, said, “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.”
Polygon has not only entered this partnership with BitGo, but has also partnered with other platforms in recent times. These partnerships are expected to provide MATIC holders with a secure and rewarding way to stake their tokens, as well as provide platforms with the necessary tools to build the future.
At the time of writing, MATIC’s price has been trending downwards. It is currently priced at $0.969 on the one-day chart. While the price has been declining, it is expected that the staking capabilities will result in an increase in MATIC holders and, in turn, the value of the token.