@paywithink.com
A decentralized reputation and payment system for P2P (peer-to-peer) marketplaces
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About
Description
Ink Protocol is a decentralized reputation and payment system for peer-to-peer (P2P) marketplaces. It offers a protocol for decentralized payments and reputation on the Ethereum blockchain. With Ink Protocol, buyers can remove uncertainty by viewing any seller's global reputation, paying with escrow, and leaving feedback for completed transactions.
Sellers, on the other hand, have their reputation decentralized, independent, and public, making it available anywhere they sell. One of the marketplaces that has embraced Ink Protocol is Listia, which has over 10 million users and millions of items listed. Users can use XNK, the underlying currency used in all Ink Protocol transactions, to buy and sell a wide range of items on Listia, including clothing, collectibles, electronics, toys, gadgets, and jewelry.
The reputation and payment system within Listia ensures safe and trusted transactions. In addition to Listia, Ink Protocol can be integrated into new or existing platforms regardless of whether they directly handle payments. It can also be used for any peer-to-peer transaction, providing a decentralized and secure payment solution.
Ink Protocol also offers two additional services, namely Replin and Ink Pay. Replin is a seller reputation app built on top of Ink Protocol, helping sellers build trust and reputation on various marketplaces. Ink Pay, on the other hand, is a decentralized finance (DeFi) payment dApp that allows buyers and sellers to make and receive cryptocurrency payments on any third-party platform or marketplace.
With the Ink Protocol token (XNK), all transactions and feedback are backed by proof of payment on the blockchain. XNK is already being used on Listia as a virtual currency for transactions, and it is also earned by mediators for the mediation services they provide. Overall, Ink Protocol offers a secure, decentralized, and reputation-based payment system for P2P transactions, providing users with trust and confidence in their interactions on various marketplaces
Company Type
Privately Held
Company Size
11-50
Year Founded
2017
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