The rising price of Link will not deter Swipe's march to decentralization.
Listen to article Swipe wallet and crypto debit card platform has integrated Chainlink data oracles to improve the accuracy of reward issuance and token burns.
"This is important to us to bring transparency to our users, especially as we're kind of leaning towards starting to migrate from custodial products to noncustodial products in the future. So this is a starting point of decentralization in our system to ensure that our users are seeing a fair price point."
Cointelegraph asked Lizarondo whether the rising price of LINK concerned him as consumers of Chainlink data have to pay with LINK tokens for their data calls.
Lizarondo acknowledged that "There is a fee structure," but declined to disclose the details.
The Swipe CEO declined to disclose statistics about debit card transaction volumes besides saying that they have 500,000 users.
He noted that since his competitors do not disclose their numbers, he does not want to give them an advantage.
Major cryptocurrency exchange Binance is the majority owner of Swipe, but Lizarondo said the company has preserved its operational independence.
Swipe also has an interesting philosophy towards digital assets custody, they employ two major custodials - Coinbase Custody and BitGo.
"We don't want to put all of our eggs in one basket. We don't want to have a central point of failure, even though these are very reliable custodians."
Swipe Is the Latest Project to Integrate Chainlink's Price Oracles
pubblicato su Aug 14, 2020
by Cointele | pubblicato su Coinage
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