Offramp.xyz and Chainlink Integration

Published on: 09.03.2023
Offramp.xyz and Chainlink Integration

Offramp.xyz — a no-KYC, decentralized on/offramp for Web3 — has integrated Chainlink Data Feeds on Ethereum mainnet, with further support for Polygon mainnet and Arbitrum mainnet planned.

By integrating Chainlink, Offramp.xyz now has the ability to connect off-chain fiat transaction data using Chainlink’s powerful Any API service to smart contracts for automatic and trust-minimized fiat-to-crypto transactions.

Offramp.xyz enables users to buy and sell crypto worldwide using self-custodial wallets and hybrid escrow smart contracts for automated trade settlement. By utilizing Chainlink AnyAPI, Offramp.xyz verifies fiat transactions from users who then receive their crypto post-verification from decentralized liquidity pools.

Accessing data through the Chainlink Network helps increase the security, reliability, and decentralization of our protocol. Creating a decentralized on/offramp is a major step for Offramp.xyz, and an immense leap forward for the broader DeFi ecosystem.

Website | Twitter 

Website | Twitter 

SOURCE:
https://medium.com/@offrampxyz/offramp-xyz-integrates-chainlink-data-feeds-to-leverage-high-quality-api-data-dc653e4c1627

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