2023-10-19 18:31:28

FTX-Backed Bridge Network Announces Plans for a Multichain Non-Custodial Payment Solution - The Daily Hodl

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The Daily Hodl
By Chain Wire

October 19, 2023 London, United Kingdom

Bridge Network reveals plans to launch a non-custodial multichain payment product to tackle crypto off-ramps in underserved regions.

The product will allow users to fund their card directly from Web 3.0 wallets across any chain without the risk of centralized wallets infrastructure, enabling seamless and secure crypto payments in the real world.

Bridge Network, a cross-chain bridging DApp for both tokens and NFTs, has announced plans to enter the payments space and unlock global payments rails for millions of underserved crypto users via a multichain payment solution.

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The product will allow users to connect any Web 3.0 wallet and directly fund a virtual or physical debit card using crypto from any supported blockchain, enabling faster, easier and decentralized crypto payments.

The announcement was made during a recent community update which revealed initiatives to build out an end-to-end platform for the average user entering DeFi.

Kimberly Adams, co-founder of Bridge Network, said,

The product will offer multichain access, meaning users can directly fund their Bridge card with crypto assets from any of the supported networks. For example, a user with USDC on Solana or BUSD on Binance Smart Chain can connect their phantom or MetaMask wallet and top up their card directly without the need for moving away from the network in order to access the funds for payments.

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