The BNPL Pay team has been working hard to bridge the gap between DeFi lenders and CeFi borrowers and we are pleased to say that there are some exciting things coming very soon, read on to find out more…
The Hype is real
The hype behind the Buy Now Pay Later (BNPL) industry is very real. The growth in 2020 was massive and with companies like Amazon, Square, Paypal and more all getting into the space, we expect this year will be even bigger!
The BNPL Pay protocol is a decentralized blockchain application that matches Lenders seeking yield with borrowers seeking capital. Lenders provide capital in Stable Coins (USDT) and borrowers are able to access that liquidity via the novel approach of Banking Nodes. The unique nature of the protocol allows for an industry first with both uncollateralized loans and access to off-chain corporate borrows for industry leading sustainable yields.
Our protocol allows more than just BNPL services to tap into the capital rich markets of crypto, it’s just our initial area of focus. The uncollateralized lending sector is in the trillions.
We are excited about the road ahead and are on track to unveil new products and features.
What to expect next
Below are some things we are looking forward to unveil in the coming days.
Keep an eye out for our Exclusive Newsletter very soon!
? Yield Farming
LP Farming incentives for ? SushiSwap LP’s
?️ Roadmap Additions (Soon)
Addition of new product features / events to our roadmap
? CEX Partnership Announcement (Soon)
We will have a partnership with a centralized exchange (CEX) to announce
? Thor related Partnership Announcement (Soon)
BNPL Pay will be partnering with a hot Thor based project, watch this space..
✔️ User Experience (Soon)
Full lender & borrower UX & value proposition completion
? Newsletter & Community Updates (Soon)
Launch of our mailing list with exclusive community updates
BNPL (Buy Now, Pay Later) is a decentralized lending protocol that puts credit in the hands of those who need it the most: users without capital. We tackle the problems presented by uncollateralized borrowing through a unique design in which a decentralized network of banking nodes services the needs of the industry. With our protocol, anyone can become a lender , and anyone can apply for a loan.
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