- XSwap has adopted Chianlink’s CCIP for its new XPay tool, ensuring secure and efficient on-chain payments with top security and easy integration for cross-chain transactions.
- The integration of Chainlink CCIP into the XSwap ecosystem significantly improves security and cross-chain transaction capabilities.
Chainlink has cemented its position as the industry standard protocol for secure cross-chain value transfers with its latest use case. XPay, developed by XSwap, now uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate onchain payments.
XSwap expressed its excitement about the launch of XPay, a robust tool designed for cross-chain transactions, which promises top security powered by Chainlink CCIP, easy integration for effortless cross-chain functionalities, and an extensive ecosystem for the XSwap community.
As XSwap continues to integrate into the ecosystem, the integration of Chainlink CCIP marks a significant advancement in security and cross-chain transaction capabilities.
As the industry standard protocol for secure cross-chain value transfer, #Chainlink CCIP unlocks a range of use cases for users.
In latest use case, @xswap_link’s XPay uses CCIP to enable onchain payments ↓ https://t.co/CNHgcJe6Sm
— Chainlink (@chainlink) June 13, 2024
In recent weeks, Chainlink has integrated its CCIP protocol across multiple platforms. Earlier this week, Weset, a platform specialized in tokenizing real-world assets, integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate cross-chain transfers of its WECO token between BNB Chain and Ethereum. This integration increases liquidity, improves user experience and streamlines Weset’s infrastructure, according to the Crypto News Flash report.
On the other hand, decentralized computing platform Chainlink (LINK) has announced the use of its Cross-Chain Interoperability Protocol (CCIP) in the integration between DTCC and the new Smart NAV Pilot. This development strengthens Chainlink’s position as a leading player in the decentralized finance (DeFi) ecosystem, as reported by Crypto News Flash.
More about Chainlink’s CCIP
As blockchain interoperability becomes increasingly important, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is emerging as a critical technology.
The Cross-Chain Interoperability Protocol (CCIP) provides a plug-and-play solution that simplifies processes by eliminating the need to lock, burn, and mint tokens. It also enables programmable transfers, allowing users to simultaneously perform data and token transfers in a single atomic transaction.
Since its debut in August 2021, CCIP has set the standard for blockchain interoperability. With a decentralized network of proven node operators, a robust risk management system, and extensive ecosystem support across multiple blockchains, it is considered the gold standard.
CCIP now also supports projects involving multi-billion dollar institutions such as US clearing powerhouse DTCC and prominent players in the blockchain industry such as Index Coop.
Chainlink’s native cryptocurrency LINK is currently trading around $15.20 with a market cap of $8.9 billion. Moreover, daily trading volume has increased decreased by 30% to $276 million.
