Amber Group Partners With Chainlink For More Reliable Asset Transaction Pricing
A multinational firm working in digital assets services and framework, Amber Group, joined hands with Chainlink to provide sound and safe asset transaction pricing facilities, particularly to the growing target market of institutional clients in Asia, Europe, and North America.
Amber Group will employ Chainlink Price Feeds‘ services to strengthen its ability to aggregate digital asset services and provide high-quality financial market data to its digital asset platform WhaleFin.
Chainlink focuses on developing, accessing, and selling Oracle services that help hybrid smart contracts on any blockchain. In the DeFi, gaming, insurance, and other sectors, Chainlink secures tens of billions of dollars.
The merger commenced coping with the rising worldwide acceptance of DeFi, which resulted in network overload and expandability issues. These issues produced challenges, like increased network durability, safety concerns, and expensive network transaction fees.
A decentralized oracle network provides minor contracts with secure and dependable access to external data, IoT devices, payment systems, online APIs, and many other services. Amber Group will benefit from Chainlink’s access to asset data through real-world market prices.
In addition, Amber Group clients can now access more correct transaction pricing services and off-chain and on-chain integrated payment facilities for blockchain space due to the recent merge.
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