Recently the team of 0x announced their new release called 0x Instant. With this new update, users can now make instant crypto payments. Also, smoothly add purchasing to any app or website they have.
“Instant is open-source, fully configurable, and allows hosts to earn affiliate fees on every transaction. Under the hood, Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet,” says in their blog post.
Coinbase Wallet already using Instant
The 0x team claims that Coinbase and Balance are already using their new 0x Instant improvement in their products. With the help of Instant customers of Coinbase and Balance can seamlessly purchase tokens within the services. All this is available with the multiple tools that 0x Instant provides. You can start with Instant Configurator to identify the tokens you support. Choose a liquidity source and select the affiliate fee, if there is any. Next, with Asset Buyer, you can configure and have full control over how the UI is designed. Also, they explain how this works in their blog post: “AssetBuyer leverages the new forwarder contract to abstract away the complexities of sourcing orders and performing market buys in the 0x network. That means no more wrapping ETH!”
A diverse set of projects already being hosted
0x claim that “Developers and creators can utilize Instant to build product experiences that couldn’t have existed before.” These projects include non-fungible token marketplaces, non-custodial crypto wallets, as already mentioned above, dApps, and crypto price feeds.
Non-fungible tokens are a particular type of cryptographic token which represents something unique; non-fungible tokens are thus not interchangeable, says Wikipedia. 0x Instant main focus with these NFTs are crypto gaming industry. Recently Emoon implemented Instant to provide users access to a wide variety of NFTs. Emoon is a decentralized marketplace for ERC-721 assets.
CoinGecko, as a crypto price feed representative, has added Instant to several coin pages, so that buying these coins become even more accessible than ever before.
Instant crypto transfers
This development, of course, marks another step closer to mass adoption, as this makes buying crypto so easy either for crypto beginners or already experienced users. However, this also paints a pretty vivid picture for the future, how crypto transfers and purchases might happen. Just by a few clicks, your desired cryptocurrency can be purchased straight to your Ethereum wallet. That is done though Metamask, a Google Chrome extension, which is a bridge between your Ethereum wallet and Google Chrome browser. Also, Brave browser supports this as well. This is yet another important step towards easing the way how people buy cryptocurrencies. Consequently, this technology will develop over time and we might see new features to come.
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