Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and decentralized exchanges as well as traditional financial institutions are integrating CCIP to unlock new use cases, markets, and onchain utility.
Recently, World Mobile Token, a decentralized mobile network, announced its CCIP integration across the Ethereum, BNB Chain, Base, and Arbitrum mainnets. The platform is employing CCIP’s arbitrary messaging functionality and Simplified Token Transfer capabilities to facilitate secure cross-chain transfers and staking of its utility token, WMTx.
World Mobile Token is building a decentralized physical infrastructure network (DePIN) that leverages blockchain technology and a global sharing economy to transform the trillion-dollar telco industry into a more inclusive and sustainable internet. Its goal is to bring a digitally excluded one-third of the world’s population online through affordable, high-quality connectivity.
Chainlink is the industry-standard decentralized computing platform which has enabled over $15 trillion in transaction value. As a vital component of Chainlink’s essential tokenization infrastructure, CCIP achieves the highest level of cross-chain security and features a separate Risk Management Network that independently monitors cross-chain functions for suspicious activity.
In an official announcement, World Mobile Group CEO Micky Watkins underscored CCIP’s role in allowing World Mobile Token to expand its reach and streamline its user experience for AirNode operators and token stakers that secure the network.
“Chainlink has an unmatched track record of security and reliability, which is why we’ve decided to integrate the industry-standard Chainlink CCIP to unlock cross-chain token transfers and staking,” he said.
“This integration helps enable World Mobile Token users to stake from one chain and receive staking rewards on another chain while enabling World Mobile Token to expand its products across networks without compromising on cross-chain security.”
To learn more about World Mobile Token, visit their website, X, Telegram, and Discord.