The decentralized scaling platform (ETH), Polygon (MATIC) is once again the center of attention, as the developers have announced an updated version of the Polygon Wallet Suite. Additionally, a popular retail trading app Robinhood (NASDAQ 🙂 announced the integration of the Polygon (MATIC) blockchain, bringing extra functionality with it.
As the official thread reads, “Polygon Wallet Suite is a unified platform that allows regular crypto users to securely and efficiently exchange, connect and manage all their assets in one place, no matter where they are stored.”
#Polygon is thrilled to announce the new improved version of Polygon Wallet Suite. A unified platform that allows regular crypto users to securely and efficiently exchange, connect and manage all their assets in one place, no matter where they are stored. [1/11] pic.twitter.com/QsiW3gruGS
– Polygon – MATIC (@ 0xPolygon) August 31, 2022
Polygon believes Web3 is for everyone
The Polygon Wallet Suite aims to solve a couple of common problems at the same time. According to the official blog post, most users nowadays face “risky solutions and confusing interfaces as well as high fees and slow transaction times”. Basically, the goal is to provide customers with all interoperability, but without confusion and without compromising security. The developers have repeatedly stressed that “security is a top priority”. Ultimately, the all-in-one Wallet suite should solve several problems at once.
The recent success of Polygon (MATIC) has meant that the No. 15 by market capitalization reached levels not seen for a long time. For example, Polygon (MATIC) was priced at $ 0.324 on June 19, 2022. Subsequently, the thriving Ethereum (ETH) scaling solution was critically acclaimed by big brands like Coca-Cola (NYSE 🙂 and Disney.
First of all, Coca-Cola partnered with Polygon (MATIC) to bring the first ever Pride NFT collection. A few weeks later, Disney’s Accelerator program included the blockchain in its 2022 edition. The Layer-2 behemoth could find itself in more deals with the opening of the football season. Established clubs such as Liverpool FC have already released the NFT collection on the blockchain.
Robinhood adds support for Polygon (MATIC)
Robinhood, a popular trading app for retail clients, has announced that it is adding the Polygon blockchain to the system. This comes just a day after OpenSea also announced the inclusion of the Polygon (MATIC) blockchain and its native token.
Hey! You can now send and receive MATIC on the @ 0xPolygon network in addition to the @ethereum network. Support for more cryptocurrencies across multiple networks coming soon.
– Robinhood (@RobinhoodApp) August 31, 2022
Apparently, Robinhood had opened trading for the coin quite a while ago, but only on the Ethereum (ETH) blockchain. Now, any cryptocurrency enthusiast will be able to choose between trading the token on ETH or MATIC. This move will also reduce trading fees on some pairs.
Ultimately, Polygon (MATIC) is one of the largest zero-emission blockchains in the cryptocurrency game. As the second largest cryptocurrency Ethereum (ETH) is also transitioning to Proof of Stake (PoS), green cryptocurrencies are likely to be favored for retail adoption.
The other side of the coin
- Despite garnering a decent amount of partnerships in 2022, Polygon (MATIC) cryptocurrency is still down 71.2% from its ATH at $ 2.92. The all-time high was reached 8 months ago.
Why should you worry
As many blockchain technology companies are focusing on interoperability, the solution provided by Polygon (MATIC) can pique the interest of retail investors.
Read about Polygon’s recent partnership with the Travala.com booking platform
Find out why the number of decentralized apps on the Polygon blockchain is skyrocketing
Read on on DailyCoin