DLTPAY, a Web 3 Payments Platform, Joins Chainlink BUILD

DLT Payments is officially joining the Chainlink BUILD program.

As a part of BUILD, they aim “to accelerate ecosystem growth and the long-term adoption of stablecoin payments by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.”

DLT Payments has long been “an active participant and believer in Chainlink.”

Their participation in BUILD furthers their integration with Chainlink, “with added benefits of priority support from the Chainlink ecosystem, increased access to dApps needing non-custodial stablecoin payments, and stronger incentive alignment between the Chainlink and DLT Payments communities.”

They teams are confident “that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, they can accelerate awareness of DLT Payments and realize the adoption of non-custodial DeFi services and on-chain stablecoin payments.”

DLT Payments’ mission is “to advance the adoption of Web3 payments. With a non-custodial DeFi platform focused on near-instant on-chain payments, they are bringing DeFi services to real-world businesses.”

Features are set to “include recurring stablecoin payments for SaaS companies, on-chain invoices, wallet interface swaps, and DeFi data tools for accountants.”

DLT Payments joined BUILD to maximize “the benefits of security and reliability that Chainlink’s oracle infrastructure provides.”

As part of BUILD, DLT Payments will “receive key benefits, including access to and integration of Chainlink Price Feeds to power secure stablecoin payments and Chainlink Automation to enable reliable recurring payments, access to new Chainlink product alpha and beta releases, among other benefits.”

In exchange for these services, DLT Payments will “make 8.25% of its native token supply available to Chainlink service providers, including stakers, over time.”

These mutually aligned economic incentives enable both communities to support one another.

DLT Payments Founder and CEO, Kenneth Kumor, said:

“We’re thrilled to join Chainlink BUILD to gain access to industry-leading Web3 services, technical support, and a robust cryptoeconomic model that empowers us to build stablecoin payments systems with greater security assurances. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the DLT Payments ecosystem.” 

As noted in the update, Chainlink claims it is “the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries.”

As the “decentralized” oracle network, Chainlink enables developers “to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain, and provides global enterprises with a universal gateway to all blockchains.”

As mentioned in the announcement, DLTPAY — an all-in-one DeFi and payments platform on top of the EVM Layer-2 ecosystem, “tailored for SMEs and enterprises.”

The platform incorporates features “such as cross-chain swaps, staking, analytics, payroll system, and stablecoin invoicing & accounting functionality.”

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