Boba Network is a layer-2 blockchain solution that offers lightning speed transactions and way cheaper fees, up to less than 100 times in comparison with layer-1 blockchain solutions. The network’s high compute technology allows for web3 and web2 interoperability. This makes the firm the only layer-2 blockchain platform that has successfully bridged the gap between the two technologies, web2 and web3, with the help of smart contracts.
NOWPayments on the other hand, is a cryptocurrency payment platform that accepts over 160 cryptos including Ethereum and Bitcoin. The firm was launched by ChangeNOW and employs best industry practices to ensure quality service delivery. The firm prides itself in having the widest range of crypto payment tools and plugins.
Boba Network has recently announced its integration with NOWPayments in a bid to popularize the use of their own token as a payment option. The integration involves the $BOBA token, native to Boba networks, and is now available as a payment option for businesses and users utilizing the NOWPayments platform in their operations. As earlier mentioned, NOWPayments has a wide array of tools that allow users to get started in accepting $BOBA token as a payment option. This new integration is set to inherit the best attributes from both sides. It will avail a wide range of tools and payment options to businesses while incurring a very small fraction of the cost in transaction fee. The speed of transactions will also be fast across all available options while enabling and maintaining web2-web3 interoperability.
The tools that have been availed include e-commerce plugins that are compatible with popular e-commerce platforms like Shopify, Magento 2, Opencart, WooCommerce and Shopwave among others. Another tool is payment links and POST(Point-Of-Sale Terminal) where businesses can accept $BOBA token payments. The scheme also allows for mass payouts, businesses can automatically send salaries and other bonuses to many wallets at once. Apart from that, the integration allows users to create their own custom solutions through the Versatile API and also accept donations using different tools.
While expressing his excitement, the core contributor of Boba Network said that NOWPayments can avail another usage for the $BOBA token to the business community. Already the staking feature is one benefit that merchants can enjoy from the integration. Users also have a wide range of cryptos to choose from, over 160. Additionally, the scheme renders automatic coin conversions as well as fiat conversions. The CEO of NOWPayments has expressed intentions to add more use cases to the $BOBA token in the future.
