Coinbase Has Integrated Ink Protocol’s Decentralized App – Coindoo

Decentralized payment system Ink Protocol, revealed two days ago that its dApp- Ink Pay, is now live on Coinbase’s wallet app.

According to a press release, Californian cryptocurrency exchange’s wallet has integrated decentralized application Ink Pay on its wallet service. The upgraded dApp allows buyers to check out a seller’s stature before making the acquisition. Furthermore, buyers have the ability to leave feedback and operate transactions via intermediary markets using either Ink’s XNK token or Ethereum’s Ether.

Currently, Ink Pay uses the XNK token as the main method of payment on its native trading space Listia, irrespective of the type of transaction, as noted in the release.

Gee-Hwan Chuang, co-founder and CEO of Ink Protocol, reported that more than 3 million “real-world items” have been added to market space using XNK.

Ink Pay enables secure buying and selling on any marketplace, while earning public, transferable reputation for each transaction. With over three million real-world items listed using XNK already, we are joining Coinbase in moving past speculation and ushering in the important utility phase for crypto,” explained Chuang.

Ink Protocol’s developers have been able to collect $ 15 million in the company’s Initial Coin Offering (ICO), which have been invested in the development of Listia. Investors include Consensys Ventures and Tetras Capital companies.

According to CoinMarketCap, Ink Protocol token XNK has a market cap of $2,421,926 and is traded at $0.013177, down 5.99%.

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