OrdinalsBot Launches TokenPay to Expand Payment Options for On-Chain Activities
23 Julio 2024 - 10:59AM
Business Wire
OrdinalsBot users can add utility to tokens,
accept payment in tokens for on-chain activities, and more with
TokenPay.
OrdinalsBot, the leading provider of API solutions for building
out the data layer of the BTC blockchain, today announced its
launch of TokenPay, an API that allows developers to create payment
systems for Runes or BRC20 tokens.
TokenPay from OrdinalsBot enables builders to add utility to
tokens, accept payment in tokens for on-chain activities including
inscribing or minting ordinals, and pay for transaction fees on
DEXs or other trading platforms. There is also potential to pay for
real world products and services using specific cryptographic
tokens. As the first platform to enable fungible bitcoin based
tokens to be used as payment for on-chain activities, TokenPay
opens up the platform to new users and use cases and makes it
possible to use Bitcoin native tokens for any form of commerce.
“At OrdinalsBot, we’re constantly looking for new ways to expand
our offerings and provide new features for our users,” shared Brian
Laughlan, Co-founder of OrdinalsBot. “While Ordinals are still
newer to Bitcoin, we’ve seen extensive growth and are excited to
bring TokenPay onto our platform, expanding payment options to
OrdinalsBot for a wider audience.”
The product launch comes shortly after the launch of
OrdinalsBot’s token ($TRIO). TokenPay will enable $TRIO holders
that use OrdinalsBot services to pay for inscriptions, mints or
other activities executed on OrdinalsBot and at a discounted price
compared to paying with BTC. Additionally, OrdinalsBot will launch
Staking Rewards shortly after TokenPay, that allows users to stake
their $TRIO to receive rewards in BTC and TRIO, allowing $TRIO
users to receive rewards, discounts, and exclusive access to
special mints.
Launched in 2023, OrdinalsBot continues expanding its platform
through partnerships and new features as Ordinals gain traction on
Bitcoin. TokenPay is one of several products launched this year
from OrdinalsBot, and there is more to come in 2024.
$TRIO is the OrdinalsBot utility token for use within the
OrdinalsBot ecosystem only, not an investment product. $TRIO is not
available to U.S. persons. Please see ordinalsbot.com for more
information.
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Toby Lewis toby@ordinalsbot.com
Brian Laughlan brian@ordinalsbot.com