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Nimiq Adds Support for Gas-Abstracted USDC Transactions on Polygon

Blockchain ecosystem Nimiq has introduced gas-abstracted USDC transactions for Polygon users within its native wallet. The novel feature, incorporated into Nimiq’s non-custodial wallet, makes it easier and more feasible for merchants to accept crypto, avoiding the typical volatility.

The latest innovation to be added to Nimiq Wallet allows USDC to be sent and received without requiring MATIC to cover network fees. In addition to aiding web3 onboarding, this feature saves users from needing to hold a secondary token at all times to cover gas.

Gas abstraction allows users to pay network fees with any token they hold. For example, a wallet that holds only USDC can transfer the token despite having no MATIC in its wallet. The relayer converts a fraction of the USDC into MATIC, pays the transaction fee on behalf of the user, and sends the transaction to the network.

(by Mark Peterson)

Polygon Blockchain
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