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Streamlined Payments for Businesses with Kima Network
Kima Network is pioneering cross-ecosystem blockchain integration, enabling effortless money transfers across both blockchain-based and traditional financial infrastructures. This transformative capability positions Kima as a universal liquidity protocol, equipping businesses with a powerful platform to execute transactions across various financial systems, including dynamic Arbitrum (ARB) payment solutions tailored to meet diverse business needs.
For businesses, the integration of Arbitrum (ARB) payments via Kima Network opens new avenues for digital transactions. This integration allows companies to enable users to send cryptocurrency across various blockchain networks supported by Kima or offramp digital assets to traditional bank accounts. Kima Network also enables businesses to accept a range of cryptocurrency payments, including stablecoins and altcoins. Arbitrum (ARB) is one of the key blockchain networks integrated by Kima Network, allowing businesses to leverage ARB payments seamlessly across multiple chains.
Kima Network is designed to make the process of accepting and receiving payments—whether originating from or destined for the Arbitrum network—straightforward and accessible. As an infrastructure-agnostic protocol, Kima acts as a bridgeless bridge between different financial ecosystems, simplifying the process for merchants to accept ARB payments.Here’s how the Arbitrum acceptance process via Kima Network works:
A user initiates a payment from the merchant’s app.
The app converts the Arbitrum-based asset (e.g. ARB) into an Arbitrum-based stablecoin.
The Arbitrum-based stablecoin is transferred to a decentralized vault managed by the Kima Network blockchain.
A user sends ARB-based assets from their wallet to a decentralized vault managed by Kima Network.
Kima’s validators reach a consensus to verify and approve the transaction, ensuring it meets the necessary security and compliance standards.
Once approved, the equivalent value is transferred directly from the Kima-managed bank account or decentralized vault to the merchant’s bank account or digital wallet, eliminating the need for complex processes like token wrapping or exchanges.
Kima Network offers several distinct advantages that make it an ideal choice for businesses looking to integrate Arbitrum payments:
Kima provides unparalleled flexibility, allowing businesses to transfer value seamlessly between any asset class, including EVM and non-EVM chains, Bitcoin, bank accounts, and financial apps. Kima Network supports a wide range of payment rails, making it a versatile solution for businesses handling various types of transactions.
Kima is the only solution that operates without intermediaries, bilateral integrations, or smart contracts, ensuring the highest level of security.
Kima uniquely integrates KYT (Know Your Transaction) checks directly into its protocol, simplifying compliance with AML (Anti-Money Laundering) regulations.
Kima validators collectively control the vaults and accounts, unlike other blockchains that rely on smart contracts.
Kima bridges the gap between traditional and decentralized applications by interacting directly with Web2 API
In collaboration with major financial players, Kima Network is developing solutions that bridge the gap between cryptocurrency and fiat, facilitating the use of hybrid payment systems.
The Arbitrum network offers several advantages that are particularly attractive to businesses looking to optimize their payment processes. These benefits include:
Combining Arbitrum’s performance with Kima’s infrastructure provides a powerful solution for future-ready payments. As demand for decentralized solutions rises, adopting Arbitrum payments positions businesses as leaders in the digital payment space.
