After creating an Ethereum scaling solution and launching a decentralized exchange, Shanghai-based Loopring is now trying to create an easy payments system for crypto.
Loopring uses zkRollup to handle Ethereum scaling problems
It launched a DEX in December Last week it launched
Loopring Pay so users can easily make payments
As the world of Ethereum Layer 2 comes into focus, one player that contributed to solving scaling problems on the eternally clogged network is a Chinese home-grown protocol called Loopring.
Loopring just released a new payment product called Loopring Pay, which aspires to be kind of a PayPal for crypto. Built on top of Loopring v3.0, an ETH Layer 2 scaling protocol using zkRollup, Loopring Pay allows users to send ETH and ERC20 tokens without worrying about Ethereum’s usual congestion and expensive gas fees. Read More...