Nimiq, a blockchain protocol focusing on easy value transfer and effortless onboarding, has announced the launch of Nimiq Pay, an app meant to bridge the realms of crypto and traditional finance, according to the information shared with Finbold on April 16.
Unveiled during Token2049 Week in Dubai, Nimiq Pay introduces a self-custodial crypto payment system that facilitates transactions across multiple networks.
Integrating cross-chain atomic swaps with the Bitcoin (BTC) Lightning Network, the app lets users make payments in over 15,000 global locations that accept BTC LN transactions.
The Nimiq Pay roadmap
Currently in the testing phase, Nimiq Pay promises to enable Nimiq (NIM) spending at locations traditionally catering to Bitcoin Lightning payments.
In strategic partnerships with Bluecode and other undisclosed traditional payment providers, Nimiq hopes to expand its reach, with the final goal of 20,000 payment points worldwide.
For the past 7 years, the platform has s
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