Crypto.com believes that having control over one's finances, data and identity is a basic human right.
Crypto.com is adding Chainlink's price feeds to its DeFi wallet as it begins expansion into the booming space.
"I would say with the partnership with Chainlink is kind of our first integration with a DeFi protocol, it brings value to our customers in terms of providing transparency in the prices that we're giving them in our DeFi wallet and also making sure our ecosystem token CRO can be integrated into the external protocol by building a price feed for CRO specifically thanks to the Chainlink architecture."
The first trading pair that will receive a decentralized price feed is CRO/ETH and will be followed by CRO/USD. Anziani said that the company is starting with DeFi tokens but in the future, it plans to use Chainlink's price feeds for all the tokens in its ecosystem.
"We are a very strong believer that blockchain tech and DeFi, in particular, can potentially empower millions to exercise this right, the right to have the control over their money. And we've embarked as a company on a mission of building a full ecosystem to make sure Blockchain tech is adopted and used."
"We were aware of the project and when we looked at it, we felt it was not the right time."
As exciting as the DeFi growth has been, the trend towards a more sustainable approach should be welcomed.
Crypto.com views Chainlink integration as a gateway to DeFi
Published on Sep 14, 2020
by Cointele | Published on Coinage
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