Giddy Wallet Announces First-Ever Autogas Feature for Polygon

Giddy Wallet Announces First-Ever Autogas Feature for Polygon

Travis Tiball, CMO

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Mar 2, 2023

Polygon users no longer need MATIC to pay for gas

Salt Lake City, Utah, March 2nd 2023 – Today, Giddy is introducing the ability for wallet users to pay for gas with USDC stablecoin or the GIDDY on Polygon. Gas can also still be paid with MATIC. Multi-coin support will also begin within Giddy’s app on the Polygon Network. This update will allow users to purchase, transfer, hold, and track their positions for a wide range of the most widely-used digital tokens on Polygon. 

With this launch, Giddy has become the first digital wallet in the market to provide users the option to perform transactions on Polygon without holding MATIC in their balance. This is a significant step forward for the Polygon ecosystem, because it provides more options and greater accessibility for clients that regularly use Giddy’s wallet.

Eric Parker, co-founder and CEO of Giddy said: “We’re so excited to share this milestone with everyone. By not having to hold native tokens to pay for gas, both new and experienced crypto users can enjoy a much more seamless experience with Web3. We’re proud to be the first crypto wallet to deploy this feature to Polygon, and we believe ‘Autogas’ will become an industry standard in the not so distant future.”

The Next Evolution of DeFi is Coming

Notably, Giddy began operations in early 2021 and was launched to offer secure and frictionless DeFi access to a diverse group of users, enabling crypto traders to benefit from the next evolution of blockchain and cryptocurrency tech. After surpassing 100,000 users on the waitlist, Giddy launched on Google Play on Android and the App Store on iOS in January of 2023.

The platform began to introduce services by helping clients tap into the lucrative rewards of decentralized finance (DeFi). However, the team quickly realized that the available tools were limited, and the knowledge barriers were too difficult for many new traders to overcome. That’s why the team has been working to address these challenges with a robust and intuitive mobile app.

It’s worth noting that Giddy’s business and technology structure prevent FTX-like catastrophes as they are not a custodian of customer funds. Giddy is a software provider that allows users to manage a self-custody cryptocurrency wallet where users own their keys, and by extension, truly own their funds.

The team believes staying true to the principles upon which DeFi was built – permissionless, trustless, decentralized tech – will position them to strategically capitalize on the growing demand for safe and easy to use self-custody crypto wallets.

About Giddy

Giddy is on a mission to make decentralized finance accessible to all. With Giddy, people can buy, send, receive, and earn rewards from their crypto assets in a safe and easy-to-use mobile application.

Giddy is the first self-custody crypto wallet to offer a recoverable private key, easy fiat onramp and offramp, and single-tap staking, all from a single app.

Founded in 2021 by entrepreneurs Eric and Ethan Parker, Giddy has raised over $8M in funding from investors. Learn more at https://giddy.co/

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© 2024 Giddy. All rights reserved.

Not FDIC Insured · No Bank Guarantee · May Lose Value

DefiQ, Inc. DBA Giddy, is registered with FinCEN as a Money Services Business (MSB), registration number 31000214426385.

DISCLAIMER: Giddy is not a custodian of cryptoassets and does not provide a guarantee of protection; you are responsible for the safekeeping of your cryptoasset private keys. Giddy does not provide financial, investment, tax, or legal advice. No communication from Giddy is intended to imply financial advice, nor that any cryptoasset is low-risk. All cryptoassets involve a significant degree of risk, including the possibility of high volatility or permanent loss.

Giddy provides information from 3rd parties and blockchain networks, and does not guarantee this information is correct, complete, or updated. Cryptoassets are not covered by either FDIC or SIPC insurance. For more information about the risks of virtual currency, see the CFTC’s Customer Advisory, the CFPB’s Consumer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.

Passive income derived from decentralized finance activities such as staking and liquidity farming carries with it additional risks which could include permanent loss of funds. Consult a professional before investing money on the blockchain. Never invest more money than you can afford to lose.

© 2024 Giddy. All rights reserved.

Not FDIC Insured · No Bank Guarantee · May Lose Value

DefiQ, Inc. DBA Giddy, is registered with FinCEN as a Money Services Business (MSB), registration number 31000214426385.

DISCLAIMER: Giddy is not a custodian of cryptoassets and does not provide a guarantee of protection; you are responsible for the safekeeping of your cryptoasset private keys. Giddy does not provide financial, investment, tax, or legal advice. No communication from Giddy is intended to imply financial advice, nor that any cryptoasset is low-risk. All cryptoassets involve a significant degree of risk, including the possibility of high volatility or permanent loss.

Giddy provides information from 3rd parties and blockchain networks, and does not guarantee this information is correct, complete, or updated. Cryptoassets are not covered by either FDIC or SIPC insurance. For more information about the risks of virtual currency, see the CFTC’s Customer Advisory, the CFPB’s Consumer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.

Passive income derived from decentralized finance activities such as staking and liquidity farming carries with it additional risks which could include permanent loss of funds. Consult a professional before investing money on the blockchain. Never invest more money than you can afford to lose.