We are excited to announce significant updates to our wallet app! The self-custody BitPay Wallet now supports three new Ethereum Layer 2 networks: Arbitrum, Optimism, and Base. And in order to get maximum usability out of these innovative networks, we’ve refined the app UI to make managing ALL of your assets even easier. This enhancement aims to provide users with faster, cheaper, and more efficient transactions, all with the intuitive user experience and progressive features the BitPay community loves.
In order to take advantage of all of these massive benefits, please make sure you have the latest app version!
In addition to now supporting Arbitrum, Optimism, and Base, we’ve refreshed the BitPay Wallet app UI to make it easier to manage and use multiple networks from one wallet. Here are some of the major changes now available in the BitPay Wallet app:
Store, manage, and utilize all of your Ethereum and Layer 2 assets in one place with EVM accounts.
Choose from UTXO, Account-based, or Multisig wallets when creating or importing a wallet.
Tired of manually adding tokens to your Web3 wallets? BitPay Wallet now automatically detects tokens sent to your EVM account, making crypto management easier than ever.
For our multichain users - easily flip from network to network to more seamlessly manage and utilize all of your assets.
This is just the start - more improvements and features are coming soon to help you get the most out of your wallet!
Some of the key benefits this update provides to you include:
Launched in 2021, Arbitrum is known for its efficient rollup technology, which improves transaction speeds and reduces costs on the Ethereum network. Its unique approach to scaling solutions has quickly made it a popular choice among developers and users alike.
Read more about Arbitrum
As one of the earliest Layer 2 solutions for Ethereum, Optimism focuses on enhancing throughput and reducing transaction fees. Its optimistic rollup technology ensures fast and secure transactions, making it a robust choice for DeFi applications.
Read more about Optimism
Developed by Coinbase, Base is a Layer 2 network designed to offer a secure, low-cost, and developer-friendly environment for building decentralized applications. Its strong backing and innovative design make it a standout in the Layer 2 landscape.
Read more about Base
In the coming months, we will be adding support to spend tokens on Arbitrum, Optimism, and Base across the BitPay payments platform - including paying merchants, buying gift cards, paying bills, and sending mass payouts.
Stay tuned for more updates as we continue to expand our network support and bring even more features to enhance your cryptocurrency experience. Our ongoing efforts aim to support more networks and improve the platform, ensuring BitPay remains at the forefront of the wide world of cryptocurrency.
