Ink Protocol, a platform for peer-to-peer (P2P) payments with public, decentralized reputation, announced the availability of its decentralized app (dApp), Ink Pay, on Coinbase Wallet (formerly Toshi).
Founded by the team who created Listia, the popular online destination for trading goods that boasts more than 10 million users, Ink Protocol’s underlying currency, XNK, has already been deployed as the primary form of payment for all transactions on the marketplace.
“Over three million real-world items have already been listed on the Listia marketplace using Ink Protocol’s digital currency XNK. This milestone marks one of the largest deployments of its kind in a consumer app, and a new level of adoption that we’ve never seen before. We hope this proof-of-concept will expand implementation of Ink Protocol to other established marketplaces, propelling continuous and sustainable growth in the industry for years to come.”
Key features of Ink Pay include:
• The ability to see a seller’s reputation before deciding to buy from them, with the option to leave new feedback after each transaction, which is stored on the blockchain.
• Making and receiving payments for items on third-party marketplaces like Craigslist, Facebook Marketplace, OfferUp and more.
• The capability to easily buy and sell on marketplaces using XNK or ETH (with more currencies on the way), with transferable reputation and feedback.
• The option to add a mediator and escrow for a higher level of safety, coming soon.