<strong>BitPay Supports Polygon, FTX Stablecoin In The Works, Dogecoin Surges As Musk Takeover Twitter&nbsp;</strong>

BitPay Supports Polygon

Bitpay, a Bitcoin payment provider, has announced it is supporting Polygon and MATIC. Users can now buy, store, swap, and spend MATIC within the BitPay app later this week. In addition, BitPay app holders can send ERC-20 tokens on the Polygon Network for cheaper and faster transactions. 

“We’re excited to be able to support another coin within the Panini Wallet, especially one so connected with the NFT market. The opportunity to partner closely with BitPay, continue to develop the Panini NFT platform, and continue to give our collectors greater payment flexibility and options during this NFT market cycle is a key reason we’ve chosen to work so closely with BitPay,” said Jason Howarth, VP Marketing, Panini America.

Panini America is offering its consumers a new digital payment choice as the first retailer to accept MATIC through BitPay. With more than 1,000 new collection launches annually, Panini is the global market leader in the world of sticker and trading card collections. It is also one of the top publishers of children's periodicals, books, comics, and graphic novels. 

FTX Considers A Stablecoin 

Sam Bankman-Fried, the founder and CEO of FTX, revealed that the exchange is looking into developing its stablecoin. He shared that the company knows how to build a stablecoin but has been holding it off because it has not found the perfect partner to collaborate with. 

“We certainly could. We know how to do it. We’ve held off on doing it because, we think to some extent collaboration on that could be really powerful,” said Sam Bankman-Fried.

Bankman-Fried added that the company is currently working on offering the best possible trading platform that is accessible to all. He also shared that FTX is involved in discussions with the Commodity Futures Trading Commission (CFTC) on some of its products. 

Dogecoin Surges As Musk Takeover Twitter

Dogecoin, the original meme coins, surged as the Elon Musk deal to buy Twitter nears a close. The dog-themed cryptocurrency was amongst the top-performing digital assets, gaining nearly 20% and breaking through the $10 billion market cap ceiling. 

Elon Musk is a huge fan of Dogecoin and has tweeted several times to encourage the pumping of the meme cryptocurrency. To help the Dogecoin community, Musk also ensured that the Tesla merchandise store accepted Dogecoin as a means of payment.