Decentralized Finance is gaining traction. It has got the capacity to provide for cost efficient use cases for institutions and consumers. Safety as always are important in every industry. DeFi provides need to guarantee safety to their users to be able to sell their services to their target audience. The most relevant Defi services are what customers are looking to explore.
ChainLink Official Channel tweeted: “Crypto-fiat payment provider @AlchemyPay is integrating #Chainlink price feeds into its payments & upcoming #DeFi platform. This ensures that users receive the fair market when interacting with DeFi dApps or making retail crypto payments on Alchemy Pay.”
Alchemy’s DeFi platform deals with all the challenges faced in the DeFi industry by providing the most relevant DeFi services for users with due integration with third-party dApps and DeFi providers. Of note, Alchemy follows a very stringent selection and KYC process. After due integrations the DeFi services are made available in the Alchemy wallet for users to leverage.
Reliable exchange rates are important for a robust DeFi Platform. Users should also be able to interact with these services with any kind of currency they are willing to use. Chainlink’s price feeds are used to enable different payment methods on Alchemy in a way to provide for their DeFi services.
Also, the ChainLink price feeds are to serve as a foundational tool which developers will be able to leverage to launch their new DeFi products on Alchemy.
Ms. Molly Zhang, Co-founder and CEO of alchemy stated, “Accurate and real-time data not only ensures consumers get fair and reliable services on the platform, it further enables service providers to easily collaborate on new DeFi offerings in a trustless manner that would otherwise require a much lengthier and cumbersome due diligence process.”
Sydney Ifergan, the crypto expert recently tweeted: “ChainLink Price Feeds are used to leverage for several payment solutions in the DeFi Space providing for excellent hedging strategies.”
ChainLink (LINK) Improving Merchant Adoption of Cryptocurrencies
Fairest value when making crypto payments is important for mainstream adoption of DeFi. This is something that is possible with ChainLink. Merchant adoption of cryptocurrencies can be enabled by ensuring fairest payments by the DeFi Providers.
Sergey Nazarov tweeted: “If you’re an engineer interested in truly understanding various blockchains, learning from other top engineers and want to help drive the next evolution in smart contracts as they become connected to the real world, become a blockchain integration engineer.”
Lot is getting accomplished at ChainLink. Good for those who are smart at making best use of available technology.
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