Atlanta-based crypto payment processor bitpay has launched a groundbreaking service called Hodl Pay, and offers users a way to spend Stablecoins without selling their Cryptocurrency holdings. Focusing on long -term investors utilizes Hodl Pay Decentralized Finance (Defi) to unlock liquidity while users can maintain exposure to digital assets.
This new alternative marks a large milestone in the development of crypto payments by letting holders borrow against their assets to make purchases. As adoption grows, Hodl Pay can become a key bridge between crypto economy and traditional trade.
How Hodl Pay works
In the heart of Hodl Pay is a seamless integration between Bitpay and Aave, a popular defi lending platform. To use the service, customers must put in crypto assets as security on Aave. Supported networks include Ethereum, Arbitrum, Base, Polygon and Optimism.
Once the assets have been deposited, users can borrow Stablecoins – such as USDC or Dai – directly from the AAVE platform. These stablecoins can then be used to solve all bit -invoices, including those for:
- Retail purchases
- Travel book
- Gift certificate
- Car payments
Whether you trade for everyday goods or larger items, such as vehicles, Hodl Pay users allow access to funds without triggering taxable events by selling their holdings.
The power of Hodling when you spend
The name “Hodl Pay” praises the popular Crypto Slang Hodl-a misspelled version of “Hold” which has come to represent long-term faith in crypto assets. For users who want to stick to their Bitcoin (BTC), Ethereum (ETH) or other digital currencies, this service is a gaming exchange.
By borrowing Stablecoins, users can utilize the value of their crypto without refraining from ownership. This is especially useful during the bull markets, when many people prefer to maintain their positions pending price estimate.
According to Bitpay Chief Marketing Officer Bill Zielke, “With Hodl Pay, Bitpay users gives an innovative way to spend safely today without giving up their future growth.”
Global support without trading set required
One of Hodl Pay’s greatest benefits is its immediate global accessibility. Every merchant who already accepts Bitpay automatically supports Hodl Pay – no further installation or integration is needed.
This frictionless implementation makes the service appealing to merchants who try to meet crypto-expert consumers. Whether it is a store dress shop or a luxurious car dealer, companies can now accept borrowed Stablecoins as simple as they would accept Bitcoin or Fiat.
For example, Nick Dosses from Vegas Auto Gallery noted that the service provides increased flexibility for customers who buy high ticket items as exotic cars.
Stock 2 and the future of crypt expenses
When blockchain networks seek scalability, Layer Two (L2) solutions receive popularity. Bitpay’s Hodl salary is completely compatible with large L2 chains such as polygon and arbitrum, which ensures faster, cheaper transactions.
This compatibility supports Bitpay’s broader vision of activating web3 payments on scale. By adapting to popular L2 networks, the Hodl salary reduces transaction fees and latency, making it viable for more frequent expenses for real world.
What that means for the future
Hodl Pay is not just another crypt outpatient tool – it is a potential catalyst for mainstream adoption of decentralized financing. It allows users to manage wealth strategically while benefiting from real tools.
As the Defi Ecosystem matures and regulatory clarity improves, services such as Hodl Pay can become essential components in a modern financial tool kit. Crypto Users get Hodl their assets and still participate in the economy – on their terms.
As the Defi Ecosystem matures and regulatory clarity improves, services such as Hodl Pay can become essential components in a modern financial tool kit. Crypto users come to Hodl their assets and still participate in the economy – on their terms.
In the end, Hodl Pay reflects a shift towards practical, user -focused cryptoinnovation. It bridges speculative investments and usability in reality and creates more inclusive financial asset. When more users try to unlock liquidity without selling, solutions like Hodl Pay are likely to shape the next wave of digital finance – to make crypto that spends a step closer to mainstream.
Featured Image: Depositphotos @ Zoomteam
