STK will be the first crypto payment solution in North America, providing users access to their money anytime, anywhere, and regardless of what the currency type, including cryptocurrency. Currently, transactions don’t settle in real-time on the blockchain and merchants that accept cryptocurrency are limited which cause roadblocks in mass adoption. The STK Token will be used as an utility in the STACK app to enable real-time transactions with cryptocurrency through the use of state channels. State channels are a technique for making off-chain transactions with almost the same security guarantees as an on-chain operation. It provides the speed required for STACK’s point of sale purchase mechanism: at the moment of purchase, the user sends STK Tokens to STACK in exchange for STACK using their liquidity pool to make a fiat purchase through MasterCard.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
