Giddy Wallet, the self-custody crypto wallet that offers a recoverable private key, has now enabled its users to purchase gas on Polygon using either USDC or Giddy token. In addition, users can now settle their gas fees with MATIC. Also, the Giddy app on Polygon Network has added support for multiple tokens. With this upgrade, users on Polygon will be able to buy, sell, hold and track a wide variety of their digital assets.
The launch marks the first time a digital wallet has given its users the option of transacting on Polygon without holding MATIC. Both newbies and seasoned crypto users can benefit from Web3’s reduced friction caused by the elimination of the need to store native tokens in order to pay for gas. Customers that rely on Giddy Wallet have gained more flexibility and convenience thanks to this development, marking a major milestone for the Polygon ecosystem as a whole.
Eric Parker, co-founder and CEO of Giddy, said: “We’re so excited to share this milestone with everyone. 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 big thing in DeFi
Giddy has been around since 2021 and was established with the intention of providing a safe and easy way for a wide range of people to use DeFi . Since then, it has enabled crypto investors to leverage disruptive developments in blockchain and digital currency infrastructure. In January of 2023, after the app’s waitlist reached over 100,000 people it was released on Google Play for Android and the App Store for iOS.
The platform’s initial offerings focused on guiding users toward the many benefits of decentralised financial systems. Moreover, Giddy has decided against being a customer funds to avoid any potential FTX-like disasters. Instead, it is a software provider that facilitates the usage of self-custody cryptocurrency wallet, in which the user holds custody of their private keys and hence, their crypto assets.
The Giddy Wallet team is certain that they can profitably meet the rising demand for secure and user-friendly self-custody wallets by remaining faithful to the permissionless, trustless, decentralised technology upon which DeFi was founded. The release of the mobile app is an important step toward eliminating the obstacles that have kept most people from signing up for DeFi.