Chainlink Payment Abstraction: Simplifying Payments and Boosting Decentralized Oracles

Chainlink, a decentralized oracle network known for its reliable data for smart contracts, has launched Payment Abstraction. This system, now available on the Ethereum mainnet, streamlines payments for Chainlink services and enhances the user experience. This article will break down what Chainlink Payment Abstraction is, how it works, its initial application with Chainlink Smart Value Recapture (SVR), and its potential to drive further decentralization in the market.