Bittrex Global (Bermuda) Ltd. announced that it will be listing the Bondly Token on its digital asset exchange. The DeFi platform built on the Polkadot blockchain offers a peer-to-peer exchange, buyer protections, and a decentralised escrow service for recurring payments compatible with erc20 tokens.
The Bondly Token aims to build trust in what remains a very young and uncertain market. The online e-commerce market is estimated to be worth just under three trillion dollars and set to grow by 40.5% according to Statista. Despite this, the marketplace for buying and selling digital goods and services is highly fragmented, operated exclusively by centralized intermediaries. Bondly offers a credible infrastructure to ensure online e-commerce and trading is frictionless, free and available to the 2.5bn people who lack access to Financial Services.
“Many of the blockchain platforms and protocols focus on one particular area or service, however few provide such a comprehensive and holistic approach to DeFi as Bondly” said Bittrex Global’s CEO Tom Albright. “Whether it be for payments, OTC escrow transactions, payment rails for e-commerce transactions or access to a decentralised exchange, Bondly provides a full deck of services for people interested in engaging in cryptocurrencies.”
The Bondly Token is used by leading NFT artists such as Tory Lanez, Logan Paul and PelleK. It is also partnered with some of the industry’s leading service providers that include: Atari, Chainlink, Bridge Mutual Insurance and Plasm Network. It aims to provide the benefits of DeFi in a more agile, streamlined and low cost environment that anyone would feel comfortable participating in.
