Chainlink Payment Abstraction: Streamlining Payments for Decentralized Oracles

Chainlink, the decentralized oracle network providing reliable and tamper-proof data for smart contracts, has launched Payment Abstraction, a system designed to simplify payments for its services and enhance user experience. This new system operates on the Ethereum mainnet and provides an efficient way to pay for Chainlink services using various digital assets such as gas tokens and stablecoins, reducing friction and simplifying the payment process. Read this article to understand how it works and learn about its first application with Chainlink Smart Value Recapture (SVR).