Xion Global & Elk Finance Partnership Brings Revolutionary Multi-Chain Payment Solution
Xion Global, the leading decentralized payment processing platform, has partnered with Elk Finance to create a streamlined payment and settlement process for multi-chain payments.
The following features have been created and updated to accommodate the Xion Pay multi-chain prototype:
- Custom swap and bridging contracts (specifically customised for Xion Pay by Elk Finance)
- Kyberswap the DEX aggregator
- Xion Pay relayer
- New websocket to communicate with Xion Pay relayer
- Xion Pay’s APIs, SDKs and iFrame, making it easier than ever before for users and merchants to transact using crypto in a decentralised manner.
What is the Xion Pay Prototype
By utilising Elk Finance’s BaaS (Bridge-as-a-Service) SDK, custom contracts and engineering expertise, a new payments solution has come to fruition. We are eager to reveal this decentralised multi-chain payment and settlement layer.
A multi-chain crypto payment prototype is being readied that decentralizes the entire flow of funds from payment to settlement was the goal. Here are a few of the coming features:
- More crypto payment options (16+ chains, 99+ tokens)
- Ability to set custom basis points for merchant hierarchy
- 1 click multi-chain payments (1:1 Swap + bridge + deposit + stablecoin payout)
- Bridge flexibility (opt to use different bridges e.g. HyphenBridge based on current rates and availability)
The payment and settlement process for multi-chain payments is streamlined to ensure quick checkout transactions for end-user payments and nearly instantaneous merchant stablecoin settlement.
Why Elk & Xion?
This complementary partnership creates a multitude of cross-chain payment and settlement possibilities; all within the Xion payments ecosystem, utilizing the Polygon Network as the core stablecoin settlement chain.
With LP rebalancing incentives and immediate stablecoin B settlement from the stablecoin LP pool through the Xion subscription contract to the merchant’s wallet, security and efficiency are prioritized.
The implementation of the new ElkNet and Xion Global payment and settlement layer makes Xion Global’s crypto payments infrastructure more decentralized. This allows any bridge to be added as the platform grows. The community now has more involvement in growing Xion Global’s crypto payments infrastructure, making multi-chain crypto payments accessible to both Web2 and Web3 users.
We have seen what Circle has recently released for multi-chain transfers using USDC; innovative, right? Wait until you see what Elk & Xion have built for multi-chain payments! 🚀
“Xion Global has forged a cutting-edge, decentralized multi-chain payment solution that reshapes crypto transactions. Combining speed, flexibility, and security to create an unparalleled experience, this new solution is poised to ignite a new era of digital commerce. At Elk, we are excited to see the innovative use cases that will be built on top of this revolutionary platform.” — said Baal, Elk’s Founder
Start Integrating Xion Pay for Multi-Chain Payments
To prepare for the Xion Pay/Elk prototype release and offer more crypto payment options, Xion Global is encouraging developers to integrate Xion Pay SDKs and iFrames. 👉 https://apimatic.io/apidocs/xionglobal
This will allow merchants to offer their customers a seamless payment experience with multiple crypto payment options and begin the shift towards a more decentralised financial system.
Overall, Xion Global and Elk Finance’s partnership is set to revolutionize the way we make payments in the crypto world. It brings multi-chain crypto payments to the masses, making the transition easier than ever before.
The Elk Finance and Xion Global partnership creates a new era of decentralized payment processing, with a focus on security, speed, and efficiency. Join us now to experience the future of payment processing.
Are you a developer interested in integrating Xion Pay SDKs and iFrames? Contact us now to get started and offer your customers a seamless payment experience. 👉 https://calendly.com/xionglobal
About Xion Global
Xion Global is a multi-chain Web3 crypto payments gateway that makes it easy to accept and send crypto payments, reward customers with cash back and build loyalty. The first of its kind, Xion’s payment and rewards solution offers endless payment opportunities for a wide range of online businesses.
Crypto Payments Integration Links:
Xion Global Socials:
About Elk Finance
Cross-chain value exchange is the next battleground for cryptocurrencies and the a major hurdle for adoption. Currently, moving or exchanging tokens across chains is a very painful and expensive process. Elk Finance aims to make this process easy and intuitive.
Elk Finance is a decentralized network for cross-chain liquidity. ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains safely and securely and at low cost.
The ElkNet framework also lets developers imagine and build novel cross-chain applications. At time of writing, ElkNet supports Avalanche, Polygon, Fantom Opera Network, Huobi ECO Chain, Gnosis Chain, Binance Smart Chain, HOO Smart Chain, KuCoin Community Chain, Harmony One, Okexchain, Elastos, Moonriver, Cronos and Telos.
“Any chain, anytime, anywhere” is the Elk Finance motto.
What is $ELK?
The ELK token is an ERC20-compatible utility token that underpins the Elk Finance ecosystem. Central to the design of the Elk network is the fact that all liquidity pools pair exchange tokens with ELK. This design allows for sub-second transfer of value across chains and provides deeper liquidity for pools, thereby reducing slippage and fees. ELK will also double as the governance token for the Elk network.