Nimiq launches OASIS to enable atomic exchange between cryptocurrency and fiat currency »CryptoNinjas
Nimiq, a decentralized, censorship-resistant payment protocol, has its own Diversified application ecosystem, Announced today with the German bank TEN31 that with the release of the OASIS (Open Asset Exchange Interaction Program) technology, it has achieved the compatibility of blockchain and banking services.
First, Nimiq OASIS supports the decentralized and secure purchase of cryptocurrency via bank transfer. From money in a bank account to cryptocurrency in a self-custodial wallet, and vice versa. This is executed within a few minutes, without the need to open an account on a centralized exchange.
“We launched the Nimiq project, which aims to allow everyone to access, use, and securely access cryptocurrencies. We know that without a technology that can easily buy, sell, or exchange new cryptocurrencies, there will be no mass market. With Nimiq OASIS, we have now overcome this obstacle.”
– Philipp von Styp-Rekowsky, co-founder of Nimiq
In short, Nimiq’s Open Asset Exchange Interaction Program (OASIS) is a blueprint for off-chain assets (such as U.S. dollars, euros, stock certificates, network domain names, etc.) to behave like tokens on the blockchain. In the B2B space, decentralized exchanges, over-the-counter trading services, and applications can use the OASIS protocol to effectively process transactions between fiat currencies and cryptocurrencies.
“Through this project, we are closer to our goal, which is to make cryptocurrency transactions easy and provide real added value for everyone. More importantly, this release is just a series of the technology in the B2C and B2B fields. The beginning of a possible application.”
-Matthias von Hauff, CEO of TEN31 Bank
Nimiq Wallet is the first application to use the OASIS protocol, and it is completely browser-based. In addition, within certain limits, there is no need to register or provide personal data when purchasing cryptocurrencies. First, all users need is a European bank account that supports SEPA. When it was first released, it was already possible to buy and sell Nimiq’s native assets BTC and NIM.
up to now, Documentation and API Nimiq OASIS is open to the public.