World Mobile Token integrates Chainlink’s CCIP to enable secure cross-chain token exchange and staking. This integration increases security and allows users to bet on one blockchain and receive rewards on another.
World Mobile Token has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power cross-chain token exchange and staking. This integration enables interoperability with numerous blockchains such as Ethereum, BNB Chain, Base, and Arbitrum, making transactions seamless across platforms.
This partnership will enable World Mobile to leverage CCIP’s robust security to provide secure and convenient cross-chain services. Chainlink officially acknowledged the integration of X accounts and emphasized the importance of cooperation for both sides.
Mobile network using blockchain @wmtoken Integrated Chainlink #CCIP.
Learn more about why World Mobile Token chose an industry-standard cross-chain solution for its DePIN project ⬇️https://t.co/wp78YeI9bV pic.twitter.com/lPShW07fp7
— Chainlink (@chainlink) October 1, 2024
Chainlink’s CCIP provides enhanced messaging that simplifies the cross-chain communication process. This feature facilitates staking across different blockchains on the World Mobile Token (WMT) network. The ability to stake tokens on one chain and receive rewards on another increases not only the ease of use of the network, but also its functionality.
World Mobile selected Chainlink’s CCIP for its reliability within its Web3 environment. One of the key elements behind this partnership is CCIP’s risk management network, which continuously monitors cross-chain activity for potential security threats. Considering the risks traditionally associated with cross-chain operations, this added layer of security is extremely important.
CCIP integration brings new capabilities to the global mobile ecosystem
Chainlink’s CCIP integration equips the World Mobile ecosystem with the following capabilities: This allows World Mobile to control token transfers through audited token pool agreements with CCIP token transfer solutions. This makes it easy to mint, lock, and burn tokens, making transactions more secure.
Additionally, CCIP supports programmable token transfer, allowing developers to manipulate data in parallel with tokens. This feature enhances the development process and, in turn, the functionality of the World Mobile network.
World Mobile’s decision to integrate Chainlink CCIP was also driven by its future-proof features. The protocol was developed to allow continuous updates and the addition of new features based on blockchain technology without making expensive changes to the system. This makes CCIP a scalable and efficient model for future development.
This integration is in line with World Mobile’s vision to transform the communications sector using decentralized mobile networks. World Mobile aims to provide affordable, high-quality connectivity using blockchain technology and sharing economy principles, with a focus on underserved communities.
Micky Watkins, CEO of World Mobile, emphasized the importance of CCIP in securing the company’s ecosystem, highlighting that CCIP enables staking across multiple blockchains without compromising security. did. This development opens new possibilities for expanding the platform’s offering and enhancing user engagement.
Additionally, World Mobile recently launched its blockchain infrastructure with Base. This release integrates World Mobile Chain (WMC), World Mobile’s communications-focused layer 3 blockchain, with Base’s Ethereum-based layer 2 blockchain, which uses Base as its payments layer. Chainlink’s native token LINK is at $10.7, down 3% in the past 24 hours, giving it a market cap of $6.7 billion.
