Blockchain platform Waves has unveiled a new payment gateway framework that will enable developers to easily implement gateways to integrate new cryptocurrency coins.

The gateways will allow users to deposit currencies and in return get Waves tokens that are backed by funds.

The tokens can be transferred, traded, or sent back to the gateway to be exchanged for funds.

The framework is deployed using Python in order to simplify the coding process for developers.

Waves founder and CEO Sasha Ivanov said: “This new framework provides developers with a simple and effective tool to get their payment gateways up and running on Waves, with almost no technical overhead required.

“It’s our goal to make this process as seamless as possible, helping users bring new coins and liquidity into the DEX and creating a more diverse ecosystem that in turn benefits the wider cryptocurrency community.”