Highlights
- Dharma finally rolls out trading on Polygon
- No network fee to worry about
In what may be the biggest news in the DeFi space right now, Dharma just announced that it is rolling out trading on Polygon. This news will undoubtedly excite Dharma users, the Polygon community, and the crypto-verse in general as the move signifies that cryptocurrency and decentralized finance are gaining traction with each passing day. The exciting part about this news is that Dharma users can now buy any token on Polygon without worrying about network fees.
Thanks to Dharma and the Polygon network, users can go from bank accounts to DeFi in under ten minutes.
The Dharma Polygon Partnership
While Dharma, a leading Ethereum Wallet designed to directly connect with users’ bank accounts, is just rolling out trading on Polygon, the partnership between Polygon and Dharma didn’t start today. In September, Polygon, a brilliant Ethereum powered full-stack scaling solution, partnered with Dharma to make it easy for users to buy DeFi tokens. With the integration of Dharma on the Polygon Network now fully complete, users can now seamlessly and efficiently purchase any decentralized finance (DeFi) token directly from their US-based bank account. The icing on the cake is that transactions are executed without paying gas fees.
Since Polygon’s partnership with Dharma was announced in early September, its native token Polygon Matic has surged over 63%. That said, Matic is trading across exchanges for $1.88, as at the time of putting together this report.
Unfortunately, the news doesn’t seem to be exciting for many Polygon users as the new move is only geared towards US citizens. What this means is that only Dharma users in the US will benefit from the rollout. Only time can tell whether or not Dharma and Polygon eventually roll out this impeccable feature to users all over the globe. For now, we can only wait and see how things unfold.
