Suku has partnered with the Chainlink BUILD program to accelerate the growth of the ecosystem and adoption of blockchain-based money transfers on a global scale. This partnership allows Suku to leverage Chainlink’s oracle solutions and technical support. In return, Suku will offer network fees to the Chainlink community, service providers, and stakers.
SukuPay, a service developed by Suku, enables convenient payments and decentralized wallet transactions using phone numbers. This service covers 150 countries without the need for apps, passwords, or usernames, facilitating international money transfers through phone numbers. Suku aims to achieve widespread adoption of SukuPay.
By partnering with the Chainlink BUILD program, Suku gains access to the high level of security and reliability provided by Chainlink’s Oracle framework. This partnership allows Suku to benefit from Chainlink’s features for integrating smart contracts with the GSMA open gateway SIM Swap API and access Chainlink’s alpha and beta releases.
In exchange, Suku will allocate 3% of its native token, SUKU, to Chainlink’s service providers and stakers.
CEO Yonathan Lapchik of Suku stated that through Chainlink BUILD, they will have exposure to the platform and expedite the acceptance of Suku.
Chainlink is a leading decentralized computing platform that enhances the trustworthiness of the web. It facilitates a significant volume of transactions by providing real-time data connectivity, off-chain computation, and secure cross-chain interoperability to financial institutions, startups, and developers across various blockchains.
SukuPay aims to revolutionize interactions within Web3, offering a range of tools to maximize the potential of the Web3 ecosystem.
