Cryptocurrency

Transak Announces Integration with Chainlink Oracle to Bridge Smart Contracts with Crypto/Fiat Payment Gateways

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Crypto/fiat onramp aggregator Transak announced on Tuesday that it has integrated with leading decentralized oracle network Chainlink, making its onramp aggregator solutions available to smart contracts. Chainlink confirmed this via a tweet stating that developers can now use Chainlink oracles to interact with Transak APIs for off-chain payments.

 

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In the Medium post, Transak stated that Chainlink nodes can bi-directionally connect with dApps directly using its external adapter technology. This will allow these decentralized applications to engage in buying and selling of crypto using fiat gateways. Transak CEO and Co-founder, Sami Start said,

Sami Start said

As per the blogpost, Transak API currently supports more than 200 cryptocurrencies and fiat payments in 10 fiat currencies, in at least 28 countries. Chainlink, on the other hand, offers oracles to giants like Google, Oracle, SWIFT, Polkadots, etc.

 

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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