Alchemy pay with chainlink to enable the trade in decentralized stock exchanges and borrowing in defi with oh - press release

Chainlink Price Feeds help users get fair market change courses if they buy assets directly via their wallets on Dexs, such as Z Uniswap, Sushiswap and Fortube with their Ach and when ensuring defi loans with oh.

"For the success of our payment gateway solution, it is crucial that the value of oh is distributed in the entire ecosystem," said John Tan, CEO from Alchemy Pay. "The accuracy of Chainlink Price Feeds is supported by the robust technology.

Since the price of assets is not inherently available on the blockchain, a solution is required to get it out of the blockchain (off-chain) and then deliver on-chain to be referenced if users carry out transactions with different crypto drives . It is important that the asset prices reflect a volume -weighted average of all trading environments, in contrast to just one stock exchange to avoid inaccuracies. Chainlink Get Decentralized Oracle networks and deliver the prices, in contrast to a centralized unit.

After the first integration of Alchemy Pay in 2020 Chainlink, Alchemy Pay has become a key component of the payment gateway system. In order to be able to use Alchemy Pay's relief services, retailers in the network are committed. By ensuring oh, retailers can use Alchemy Pay systems to accept cryptocurrencies in their online and physical shops that convert the Alchemy Pay into the necessary fiat currency of the dealer. Transactions on the system are completed in seconds to about 30 % of the costs of conventional payment systems.

Alchemy Pay combines with dealers via important platforms such as Shopify, Binance and QFPay, which represent more than 2 million touchpoints worldwide.

Chainlink already helps to secure a value of several ten billion in Defi and CEFI. Some of the advantages of Chainlink Preis-Feeds include:

• High-quality data -chainlink Price feeds refer to data from numerous premium data aggregators, which leads to pricing data that are aggregated by hundreds of stock exchanges, weighted according to volume and removed and suspicious volumes.
• Safe node operator -chainlink price feeds are secured by independent, safety-checked and symbol-resistant oracle nodes that are operated by leading blockchain developers with a strong success in reliability, even with high gas prices and extreme Network overload.
• decentralized network -chainlink price feeds are decentralized on data source, oracle-node and oracle network level and offer strong protection against downtime and manipulations.
• scale effect -chainlink price feeds benefit from scale effects, in which increasing acceptance enables several projects to use and finance common oracle networks in order to access frequently required data records. This enables defi projects, first-class data quality and robust oracle security to get a fraction of the total costs of conventional feeds.

" Our hybrid crypto-fiat system enables both crypto and Fiat for everyday digital payments-large or small-in a single system," said Tan. "This requires a precisely represented oh-token from moment to moment. We can rely on it Chainlink for it."

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