The payments company Crypto.com announced the successful integration of Chainlink’s price feeds into its DeFi wallet. The partnership aims to expand the Hong Kong-based firm’s footprint in the decentralized finance space.
Crypto trading, finance & payment platform @cryptocom is now using #Chainlink‘s Price Reference Data directly in their DeFi wallet. They will also be consuming two price feeds for their native asset CRO, to improve their platform’s decentralization and transparency.
— Chainlink — Official Channel (@chainlink) September 14, 2020
Users will initially receive decentralized price-reference data streams from Chainlink for the CRO/ETH pair, then for CRO/USD.
Crypto.com noted that they launched a DeFi token wallet earlier this year with the aim of offering customers secure and convenient access to a decentralized financial ecosystem that will run on the company’s native CRO token.
«The integration of Chainlink price reference data provides decentralized price streams directly in the Crypto.com wallet, guaranteeing users access to highly accurate and transparent prices for the DeFi assets stored in it,» the statement said.
Source: Crypto.com.
Co-founder and CEO Crypto.com Kris Marshalek noted that collaboration with Chainlink will give users greater control over their money and personal data without the need to trust a central authority. In his view, this is “not only the future of finance, but a fundamental human right.”
launched a DeFi Swap platform for exchanging and “yield farming” DeFi tokens, which became yet another fork of the Uniswap protocol.
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