Cashaa integrates Chainlink Price Feeds

Cashaa integrates Chainlink Price Feeds for fair exchange rates during NFT purchases.

The integration involves referencing Chainlink Price Feeds during NFT API conversion for business and individual users and later in Lending solutions in order to calculate a user’s borrowing capacity and verify their loan collateralization. Cashaa Lend is a particularly novel service enabling crypto-backed loans starting at 0% APR.

Chainlink Price Feeds are decentralized and publicly verifiable, we are able to provide Cashaa users with a new level of transparency and fairness when it comes to determining fair market rates for issuing loans and liquidating under-collateralized positions.

Chainlink Price feeds stood out in terms of the unique combination of data quality, security, decentralization, and transparency. Some of the unique benefits of Chainlink Price Feeds include High-Quality Data, Secure Node Operators, Decentralized Network, and Reputation.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.

About Cashaa

Cashaa launched in 2017 with a singular vision — to aid the adoption of blockchain-based financial products. Cashaa has been helping businesses exposed to cryptocurrencies access crucial banking infrastructure and deliver powerful products to their users. In the last two years, Cashaa has onboarded more than 250 crypto-native businesses who transacted over $1 billion using the Cashaa solution — helping to power the banking features used by heavyweights like Nexo, Paxful, Kucoin, Coindcx, Unocoin, Bitbns etc.

➡️Source:
https://www.cashaa.community/posts/cashaa-and-chainlink-collaborate-to-bring-defi-to-the-masses