DLTPAY, a Tallinn-based stablecoin wallet provider, has recently integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate smoother cross-chain stablecoin payments, particularly across Ethereum Layer-2 networks. This integration is a significant move in the evolving world of digital payments and blockchain technology.
The decision to adopt Chainlink’s CCIP comes amid a rising trend in the use of Layer-2 networks and cross-chain settlements, especially in commercial contexts like e-commerce transactions, salary payments, and payments to international suppliers. This trend is fueled by the increasing preference of small and medium-sized enterprises (SMEs), freelancers, and startups for receiving payments in USDC via low-fee networks like Arbitrum, Optimism, and Polygon. These groups often lack advanced banking services available to large enterprise clients, such as multi-currency or U.S. dollar accounts. Thus, stablecoins are becoming a cost-effective alternative, enabling these businesses to access global market opportunities.
Chainlink, known for its security and reliability, launched its CCIP in July 2023. The protocol facilitates the secure transfer of messages and tokens across various blockchains. DLTPAY’s integration of Chainlink’s CCIP aims to deliver rapid cross-chain transactions. Additionally, DLTPAY is expanding its capabilities by integrating other services on the Chainlink platform, enabling seamless interactions with external data sources and off-chain systems. This enhancement broadens the scope and reliability of the DLTPAY platform.
Furthermore, DLTPAY’s involvement in the Chainlink BUILD program supports the integration. This program aids both early-stage and established Web3 projects by providing enhanced access to Chainlink services and technological support.
Kenneth Kumor, Co-Founder of DLTPAY, highlights the platform's commitment to integrating decentralized finance (DeFi) into business ecosystems. He expresses confidence in Chainlink CCIP’s ability to not only speed up DLTPAY’s cross-chain payments but also to ensure security and reliability.
DLTPAY sets itself apart in the DeFi ecosystem by focusing on the needs of business users, a sector often overlooked in the industry. By using smart contracts for payment processing, DLTPAY ensures transactions are self-executing and transparent, reducing reliance on traditional intermediaries and custodians.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
