• Polygon has partnered with BitGo to support staking of ERC-20 MATIC tokens and provide users with wallet and custody services.
• BitGo has chosen to support Polygon due to its benefits such as fast speed, low gas fees, higher security, and commitment to carbon neutrality.
• The current market price of MATIC is $0.969.
Polygon, the decentralized Ethereum-based scaling platform, has entered a strategic partnership with BitGo that will provide MATIC holders with wallet and custody services. MATIC is an ERC-20 token that can be used for staking purposes. With this partnership, users can stake their ERC-20 MATIC tokens and earn rewards in return.
BitGo decided to support Polygon because of its numerous benefits. Firstly, Polygon offers fast transaction speeds and low gas fees, which make it an attractive option for investors. Moreover, Polygon is committed to carbon neutrality, which is a major plus for those who are concerned about the environment. Additionally, the platform is known for its high security, which provides users with peace of mind when it comes to their investments.
The news of the partnership has already had an impact on the MATIC token. The current market price of MATIC is $0.969 and it has been trending downward in recent days. However, the long-term prospects of the token remain strong, as the partnership with BitGo has provided investors with more options to safely store and stake their tokens.
With the BitGo-Polygon partnership, MATIC holders can now enjoy the benefits of staking their tokens with a regulated and secure platform. This is a major step forward for the Polygon ecosystem and could provide a boost for the MATIC token in the future. For those who are interested in staking their MATIC tokens, the partnership between Polygon and BitGo is worth considering.