DLTPAY, a Tallinn-based stablecoin wallet provider, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to remove frictions associated with cross-chain stablecoin payments across Ethereum Layer-2 networks.
There's a rising trend in the use of Layer-2 networks and cross-chain settlements in commercial settings, such as in e-commerce transactions, salary payments, or payments to foreign suppliers. This trend is driven by the increasing preference among small and medium-sized enterprises (SMEs), freelancers, and startups to receive payments in USDC via low-fee networks like Arbitrum, Optimism, and Polygon, as a strategy to reduce overall transaction costs. Since smaller firms often lack the advanced banking services, like multi-currency accounts or U.S. dollar accounts, provided to large enterprise clients, stablecoins are emerging as a cost-effective alternative. This technology is enabling smaller businesses to access the same global market opportunities that are available to their larger counterparts.
In July 2023, Chainlink launched its cross-chain solution known as CCIP, which helps enable the secure transfer of messages and tokens across a wide range of blockchains. Known for its industry-leading security and reliability, Chainlink CCIP will help DLTPAY deliver lightning-fast cross-chain transactions. Additionally, DLTPAY is integrating additional services on the Chainlink platform to seamlessly interact with external data sources and off-chain systems, enhancing the scope and reliability of the DLTPLAY platform.
This integration will be supported by DLTPAY’s participation in the Chainlink BUILD program, which is designed to support both early-stage and established Web3 projects grow by providing them with enhanced access to Chainlink services and technology support.
Kenneth Kumor, Co-Founder of DLTPAY, emphasizes teams' commitment to integrating decentralized finance (DeFi) into business ecosystems. He notes that the launch of the DLTPAY platform is a crucial step towards providing a cost-effective, secure solution for SMEs. He goes on to comment:
“Chainlink CCIP not only makes DLTPAY’s cross-chain payments faster but it provides our users with peace of mind because DLTPAY is underpinned by the industry’s most secure and reliable cross-chain solution.”
Click here to read the DLTPAY whitepaper
What sets DLTPAY apart from other payment solutions in the space is its focus on business users within the DeFi ecosystem—whose needs have been largely overlooked by the industry. By employing smart contracts to process all payments, the platform guarantees that transactions are self-executing and transparent, reducing the dependence on traditional intermediaries and custodians.
For more information about DLTPAY, please visit https://twitter.com/dltpay.
About DLTPAY
DLTPAY is building an SME-focused DeFi platform on EVM Layer-2, with features that include recurring stablecoin payments, cross-chain swaps, and the ability to stake USDC to earn +5% yield from U.S. treasury bills; the project is proudly incubated by Chainlink Labs.
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