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PayProtocol, Danal’s cryptocurrency payments unit, plans to build a multichain payment infrastructure that would let users pay at PCI merchants even when holding digital assets on different blockchains, Digital Asset reported.
PayProtocol said today it signed a strategic MOU with global cross-chain swap protocol Squid to link with the Paycoin mainnet and build the multichain payment infrastructure. According to PayProtocol, the proof-of-concept will review a structure that would allow users to make payments at Paycoin merchants with assets including USDC and ETH on Ethereum and RLUSD and XRP on the XRP Ledger, without directly going through separate bridging or swap procedures.