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PlasmaPay Delightfully Announces a Partnership With Kylin

PlasmaPay Delightfully Announces a Partnership With Kylin
  • PlasmaPay announced a partnership with Klyin.
  • PlasmaPay is eager to explore many ways of monetizing and using data.
  • The CEOs of both companies are happy to team up.
  • Plasma is confident with Klyn’s methods.

PlasmaPay recently partnered with Cross-Chain Platform Kylin. In an official announcement published in their medium blog, PlasmaPay expressed their delight in this development.

The CEOs of both companies are happy to team up. According to Dylan Dewdney, CEO of Kylin Network, PlasmaPay is a great project to work with.

He added that they are “extremely pleased and excited.” He believes that PlasmaPay engaging with Kylin and Polkadot may bring good results.

On the other hand, Ilia Maksimenka, CEO of PlasmaPay, also expressed his confidence about the partnership. He stated that they are confident with Klyin’s methods.

He especially mentioned the way that they reduce the risk of new flash loan attacks on prices. Moreover, he also talked about another Klyin’s unique feature which is Klyin’s new decentralized data marketplace.

To continue, he mentioned that the feature could supply and buy data. He also wrote they plan to merge Kylin to exchange data. And take advantage of Klyin’s network of oracles for Plasma DeFi protocols.

In the end, he stated that Klyin would offer a high-security level. It will be for both their users and liquidity providers.

Read Also: Polkadot Partners With Binance, Triggers DOT Price Surge

Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.