Giddy Wallet Releases the First Autogas on the Polygon Network
Giddy Wallet, a self-custodial digital wallet, has released an autogas feature on the polygon network. The Giddy team shared a blog post on March 2, revealing the new autogas feature will enable users to settle gas payments using crypto assets, such as the USD coin (USDC), MATIC, and the firm’s native token.
The blog post disclosed that the additional feature would be available on Giddy’s mobile application.
Features of the Autogas
According to the report, Giddy’s significant milestone marks the first digital Wallet to provide the user with a wide range of services on the Polygon Network necessary to complete transactions without involving MATIC.
In the eye of changes in the crypto space, Giddy’s latest development creates additional features and improves access to services crucial in building the Polygon ecosystem.
A statement issued by Giddy’s chief executive Eric Parker on March 2 revealed the autogas feature would expedite gas settlement processes by allowing users to use their digital assets. Parker acknowledged the efforts made by the Giddy team to launch the first-ever autogas feature on the Polygon Network.
He remains optimistic that the autogas feature will become the next big thing in the crypto world.
Giddy’s Contribution to Transforming the DeFi Platform
Parker has led the Giddy team in developing programs that are secure and accessible to decentralized finance (DeFi) users since 2021. The services provided by Parker and his team are aimed at providing the user with limitless benefits of blockchain and DeFi technologies.
The dedicated team provided the Giddy users with a mobile application available on Google Play and App Store that streamlined the processes of sending and buying a crypto wallet.
In 2023, the Giddy customer centrism approach pushed the number of clientele to reach over 100000 users across the globe.
Initially, the attempt to boost customers’ confidence challenged Giddy to integrate a reward system on the DeFi platform. The reward system failed to yield desirable results following the shortage of tools and the complexity of operating for the new traders.
The unplanned failure of the reward system compelled the firm to prioritize developing a mobile application that would address the challenges experienced by the traders. Beyond this, Giddy provides the users full control of their assets and tasks them with custodial duties, including managing their private keys.
Giddy’s Next Move
The Giddy team pledged to stick to the DeFi platform in executing their tasks. The DeFi technology offers Giddy users permissionless, cheap, and reliable transactions that upholds financial privacy. Adopting the DeFi technologies will enable the firm to provide user-friendly self-custodial crypto wallets.
The Giddy developers integrated the single-tap staking feature on the mobile application to boost the user experiences. Moreover, Giddy leads other cryptos to provide users with restorable private keys that support crypto-related transactions.
The Giddy mobile application enabled users to use fiat currencies such as the Euro, British Pound and the US Dollar to purchase crypto assets. The users are also provided with off ramp services that allows them to trade their cryptos for fiat.
Besides the exceptional services, Giddy replicates the latest move made by most crypto firms to survive the unprecedented markets by seeking additional funding from investors to support business growth. In 2021, Giddy allowed the investors to trade their substantial equities to raise capital for the firm. This attempt yielded Giddy over $8 million, which was rerouted into the company’s main business.
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