Market Overview

Ink Pay Launching on Coinbase Wallet, Offering Consumers More Flexibility When Buying and Selling on Peer-to-Peer Marketplaces

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New Decentralized App Enables Users to Build and Carry Reputation
Across Multiple Destinations

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.

To access the Ink Pay dApp, please visit https://inkpay.app.
To learn more about Ink Protocol, please visit https://paywithink.com.

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.

For more information, please visit www.listia.com
or follow Listia on Facebook,
Pinterest
and Twitter.
To download Listia's free mobile app, please visit the App
Store
or Google
Play
.

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