• Polygon has entered a partnership with BitGo to provide MATIC holders with staking capabilities.
• BitGo decided to support Polygon because of its benefits like fast speed, low gas fees, higher security, and commitment to carbon neutrality.
• The COO of BitGo, Chen Fang, said that the partnership will provide investors with a safer way to custody their assets and provide platforms with the tools they need to build the future.
Polygon, a decentralized Ethereum-based scaling platform, and BitGo, a provider of regulated custody, financial services, and core infrastructure, have recently announced a partnership which will provide MATIC holders with wallet and custody services. This partnership will enable MATIC holders to earn rewards by staking ERC-20 MATIC tokens.
BitGo decided to support Polygon due to the numerous benefits it offers, such as fast speed, low gas fees, higher security, and commitment to carbon neutrality. Polygon has also entered several strategic partnerships with other platforms.
Chen Fang, the COO of BitGo, commented on the partnership, saying, “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 MATIC token is currently priced at $0.969 on the one-day chart. The price trend has been declining this week. BitGo’s support for Polygon could potentially improve the future outlook of the MATIC token.
Polygon’s partnership with BitGo is a positive move and it could be beneficial for both the companies in the long run. It will provide MATIC holders with the ability to stake their tokens more securely and earn rewards. It will also provide platforms with the tools they need to build the future.