June 14, 2022 – Greenwich, Connecticut
Spritz Finance, a Web 3.0 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today that the company’s closed beta for its bill pay product is now available to all Polygon Network users, beginning in the United States.
Polygon’s ecosystem creates opportunities for Spritz customers to earn more on-chain and generate passive income streams through DeFi, play-to-earn games, NFTs and their metaverse assets all of which will soon be connected through Spritz to pay off monthly expenses such as mortgage and rent, utilities, credit cards, student loans or even a Netflix subscription.
Chris Sheehan, who founded Spritz and serves as the company’s CEO, said the integration with Polygon was a great fit for Spritz. Sheehan said,
“The future of work is on-chain. People everywhere are increasingly viewing blockchain as a place to save, invest and earn income whether through yield farming, P2E games or NFTs. The missing link for these folks is a way to use their on-chain earnings to fund their real-life expenses. Spritz is the first Web 3.0 native bill pay service, and we’re so proud to be launching on Polygon.”
By launching on Polygon, Spritz will be able to program payments from any Polygon smart contract directly to any US bill pay account including banks, credit card companies and utilities providers, both nationally and regionally.
Sandeep Nailwal, who co-founded Polygon, said Spritz is providing more options for Polygon users to embrace DeFi. Nailwal said,
“I’m so excited to be backing Spritz and be a part of bringing personal finance into the Web 3.0 era. Mass adoption of crypto is our core mission at Polygon, so by enabling anyone who’s generating income streams through DeFi, P2E games, NFTs and the metaverse, Spritz is a perfect fit for our ecosystem.”
As part of its launch, and in addition to making crypto bill payments simple and secure, Spritz users can manage and grow their DeFi yields on popular Polygon apps, such as Aave, Sushiswap and Quickswap, without needing to unwind positions. This can include growing their stablecoin yield farms and making payments in USDC, or even tapping into other assets held in their Polygon wallets, such as MATIC or LINK.
Crypto holders and DeFi users on Polygon with US bill pay accounts are encouraged to join the Spritz waitlist by visiting the website, where they can request private beta access and join the Spritz beta community.
Spritz Finance enables bill-pay directly from DeFi protocols with no bank required on a path to eventually connect every smart contract and every traditional use-of-funds in the entire world, from mortgage payments and credit cards, to monthly utility bills.
Through the company’s first product, customers can schedule their bill payments from their crypto wallets and favorite DeFi protocols without ever needing to unwind their positions or off-ramp through a bank. The company is currently in closed beta with a waitlist, which can be joined from the Spritz website.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions layer two solutions (ZK rollups and optimistic rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions and more.
Polygon’s scaling solutions have seen widespread adoption with over 7,000 applications hosted, more than one billion total transactions processed, approximately 100 million unique user addresses and over $5 billion in assets secured.
David Gardner, head of marketing at Spritz Finance
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