November 15, 2017
Bringing the global credit and lending markets into the cryptocurrency world is bound to mark a significant milestone in the world’s financial systems — and to open up new avenues, transparency, and efficiency.
The listing of Blockmason by Binance is a key step in that direction. Binance is a leader in blockchain assets and a top 10 cryptocurrency exchange by volume. As of Tues, Nov 14, Binance has formally announced its support of the BCPT token by Blockmason.
While other key market exchanges will follow this lead, Binance is building its reputation as the front line of digital currency innovation, and continues partnering with the most interesting and critical new token opportunities as they hit the market.
Binance views Blockmason and Credit Protocol as potentially significant market leaders in their space, and will now support the direct purchase of BCPT tokens from BTC. This adds to the prior opportunity to buy BCPT with ETH, since it is utilizing smart contracts built on the Ethereum blockchain.
BCPT is a credit protocol to allow the tracking of lending and securing of loans on the Ethereum blockchain. This may apply to any type of loan or debt tracking — to include personal, business, home, auto, credit cards, or even college loans.
Being the first major ETH protocol and token release to address the global debt market of more than $100 Trillion USD, Blockmason’s credit protocol and BCPT will make major waves in the market, provide new ways for peer-to-peer lending to enter, and provide lower cost administrative functions to existing commercial lending operations.
Currently, Blockmason is working with multiple current owners and prior purchasers of BCPT (which acts as a use license for the credit protocol) towards building their own consumer or commercial (business to business) driven applications on top of the Credit Protocol smart contract, allowing the first ever lending system tracked on distributed blockchain technologies.
Blockmason Co-Founder Michael Chin commented on the listing, “This team founded this technology out of our working experiences as tech entrepreneurs in various Asian markets — including China, Korea, Japan and others. Listing with Binance, as one of the exchange market leaders in Asia is among the most important exchanges for our long-term outlook.”
Blockmason is a foundry of blockchain-driven technologies, with credit protocol as its first market entry. Founded by a team of seasoned entrepreneurs with global background and multi-lingual, multi-cultural engagement, Blockmason foresees a growing reputation as an agile and serious market leader in credit, health, and social applications of blockchain.
Binance is one of the fastest growing crypto asset exchanges in the world. Founded by a team of fintech and crypto gurus — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the market. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.