Bitcoin.com Announces A New Partnership With Cross-chain protocol, PolyNetwork

Bitcoin.com has announced a strategic partnership with PolyNetwork, a cross-chain protocol. The primary objective of this partnership is to facilitate the launch of the Verse token, a new product developed by bitcoin.com.

Verse will serve as the native token for the Bitcoin.com ecosystem. The digital currency was created to accelerate the expansion of Bitcoin.com. It will be used to reward community members that contribute to the company’s growth.

Utilities for the token include Verse staking and Verse in DeFi, i.e., lending and borrowing Verse to earn rewards, with more use cases promised for the token in the near future. The Verse token is available for purchase at getverse.com.

Bitcoin.com has been operational since 2015.

It began as a cryptocurrency news and information platform.

Over time, it has evolved and integrated wallets and financial services into its products. The company has also grown exponentially, with millions of users putting their trust in its products and services. The partnership with PolyNetwork will allow Verse to be used across different blockchain platforms.

CEO of Bitcoin.com, Dennis Jarvis, said:

“Poly Network is one of the best bridges, enabling transfer of both tokens and NFTs across multiple networks with no gas fees; this strategic partnership is not only an effective means of increasing the utility and liquidity of VERSE but an expression of support for Verse’s mission to enhance economic freedom.”

John Wang, one of the founding members at PolyNetwork, commented on the partnership, saying:

“Verse will fuel Bitcoin.com’s already successful ecosystem of crypto products. Those products are self-custodial, multi-chain, and DeFi-centric, which we are firm believers in. Poly Network hopes to lay a solid interoperability foundation to ensure the whole ecosystem will be vibrant and thrive.”