It’s no secret that the emergence of Cryptocurrency in the global credit and lending markets will forge a significant milestone in the world’s financial systems, while opening up new channels of adaptability, transparency, productivity and competence. Although the Federal Reserve still holds $1.4tr in paper dollar value, it’s becoming more apparent that in order to create a booming economy, there needs to be more focus put on engaging more borrowers and lenders worldwide in linking the capability of peer-to-peer lending with blockchain technologies.
The listing of Blockmason by Kucoin – a new cryptocurrency exchange based in Hong Kong – on November 14 2017, is a step in that direction. With a goal to become one of the top 10 exchanges in the world, Kucoin have quickly gained traction by collaborating with many established communities and listing new tokens based on user’s requests. Kucoin aims to be a more user-friendly exchange than traditional exchanges. Offering a robust security system , 24/7 customer service and generous referral rewards, Kucoin’s trading engine can handle two million order-making requests per second, enabling the addition of blockchain-based assets to users’ accounts within 2 minutes of transaction. Kucoin traders have access to BCPT/BTC and BCPT/ETH upon listing.
Blockmason’s Credit Protocol aims to bring the blockchain revolution into debt and credit obligations by enriching the dapp ecosystem with secure and functional apps that possess the capacity to fundamentally transform our daily lives.
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.
Being on the path of democratizing currency creation through permanently recorded debt and credit obligations between parties on the blockchain, Blockmason is currently working on releasing the first ever consumer credit app to be built on the blockchain. The team also supports current owners of BCPT (which acts as a use license for the credit protocol) towards building their own consumer or commercial-driven applications on top of the Credit Protocol smart contract, allowing the first ever lending system tracked on distributed blockchain technologies.
Kucoin is a cryptocurrency exchange that started operations in September 2017, and is already making a big impression on traders and users, thanks to its innovative listings, partnerships and user rewards. The long-term goal of Kucoin is to become one of the top 10 exchanges in the world. The company has quickly gained traction by collaborating with many established communities and listing new tokens based on user’s opinions and requests.
Blockmason is a highly respected founder of blockchain-driven technologies, with Credit Protocol (a process of democratizing the creation of credit through permanently recorded debts and obligations) being its first entry to the market. Founded by a team of accomplished entrepreneurs with global, multi-lingual backgrounds and multi-cultural engagement, Blockmason forecasts a growing reputation as a buoyant and serious market leader in credit, health, and social applications of blockchain.