Name: HODL Pay
Brand: BitPay

HODL Pay lets users unlock spending power by borrowing stablecoins against their crypto holdings via Aave, enabling purchases without selling assets. It integrates directly into BitPay’s checkout, offering seamless payments while maintaining long-term crypto investments.

Vendor

BitPay

Company Website

https://www.bitpay.com

YouTube

https://www.youtube.com/user/BitPayVideos

Product details

HODL Pay

HODL Pay is BitPay’s innovative payment solution that allows users to spend crypto without selling their assets. By integrating with Aave, the leading decentralized liquidity protocol, HODL Pay enables users to borrow stablecoins against their crypto holdings and use them to pay BitPay invoices instantly. This preserves long-term investments while unlocking immediate spending power.

Features

Borrow-to-Pay Integration: Borrow stablecoins directly from Aave and pay BitPay invoices in one seamless transaction.
Multi-Network Support: Available on Ethereum, Polygon, Arbitrum, Base, and Optimism.
Stablecoin Flexibility: Supports USDC, USDT, DAI, and other major stablecoins.
Wallet Compatibility: Works with 100+ wallets including MetaMask, Coinbase Wallet, Trust Wallet, and WalletConnect.
Real-Time Exchange Rates: Transparent pricing with live exchange rates at checkout.
Health Factor Monitoring: Displays Aave health factor to manage borrowing risk.
Debt Token Tracking: Add debt tokens to your wallet to monitor outstanding loans.

Capabilities

DeFi Integration: Connects directly to Aave’s smart contracts for borrowing against supplied collateral.
Instant Liquidity Access: Unlocks spending power without liquidating crypto holdings.
Global Merchant Network: Spend borrowed stablecoins with thousands of BitPay merchants.
Collateral Management: Supports borrowing against any active supply position on Aave.
Invoice-Based Payments: Enables crypto-backed payments for goods, services, and bills.
Secure Transactions: All borrowing and repayments are handled securely via Aave.

Benefits

Preserve Investments: Keep your crypto portfolio intact while accessing liquidity.
Increase Spending Power: Borrow stablecoins to make larger purchases without selling assets.
Seamless Checkout: Integrated directly into BitPay’s payment flow for a smooth user experience.
No Additional Setup: Automatically available to BitPay merchants and users with Aave positions.
Flexible Repayment: Repay borrowed funds at your convenience through Aave.
DeFi Empowerment: Leverages decentralized finance to enhance real-world crypto utility.