SANTA CLARA, Calif.--(BUSINESS WIRE)--Ink Protocol, a platform for peer-to-peer (P2P) payments with public, decentralized reputation, today 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,” said Gee-Hwan Chuang, co-founder and chief executive officer of Ink Protocol. “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.
About Listia Inc. and Ink Protocol
Founded in 2009, Listia has raised over $11 million in venture capital from prominent Silicon Valley venture capitalists and investors including General Catalyst, A16Z, Y Combinator, SV Angel, Founder Collective, Max Levchin, Naval Ravikant and others. With a devoted following of ten million members across web and mobile platforms, it is the world’s premier online trading peer-to-peer (P2P) marketplace for new and used goods.
After nearly a decade of growing its P2P marketplace and processing more than 100 million transactions, the Listia team developed and brought to market Ink Protocol. Powered by the Ethereum blockchain and XNK, Listia’s ERC20 compatible token, Ink Protocol is a new decentralized reputation and payment system. The technology is designed specifically for P2P marketplace transactions where trust between the buyer and seller may be limited. Due to its decentralized nature, sellers can carry their reputation with them across multiple marketplaces, including Listia.