After over $70 million USDT in voting power was pledged to vote on Monday, BNPL was listed on the exchange via the MEXC Global innovation network.
Following the launch of BNPL’s liquidity mining campaign on Sushiswap earlier this month, at the time of writing, there is now over 1.5 million USD of liquidity on the BNPL-ETH pair.
The BNPL Pay protocol is set to revolutionize the DeFi lending space, as lenders will now be able to lend to real-world corporate borrowers, for more sustainable yields than can currently be offered in the DeFi space.
There have always been inherent issues surrounding lending to unsecured parties, however, BNPL Pay’s innovative network of banking nodes aims to service these parties.
BNPL Pay has stated that they will start with the trending Buy Now Pay Later space, however, the protocol is not limited just to this. Over time, they plan to expand to service the entire credit space.
MEXC has listed a BNPL / USDT trading pair. This will allow MEXC users easy access to trade BNPL and gives BNPL liquidity beyond only decentralized exchanges.
MXEC has led the charge in listing BNPL, and the question now is, will other CEXs follow suit? Who knows. It’s definitely one to watch over the coming months.
The trending area of Buy Now Pay Later
What is Buy Now Pay Later? Buy Now, Pay Later is a type of short-term financing that allows consumers to make purchases and pay for them at a future time. These are often interest-free. Since the advent of recent events, its popularity has soared.
Buy Now Pay Later (BNPL) has been a hot and trending space for the last year. It has seen huge growth. Companies such as Amazon, Paypal, Square have all entered the space recently and with BNPL Pay connecting DeFi Blockchain lenders with CeFi corporate borrowers, its likely set to grow in popularity.
The BNPL Pay app is currently live, with more features being added by the team regularly.
Currently, users are able to take part in the LP Mining program via the app and the BNPL Pay Protocol is due to launch its MVP banking node next month.
If you are interested in learning more about the BNPL Pay Protocol, you can subscribe to their newsletter here.
Website – https://bnplpay.io
MEXC Pair – https://www.mexc.com/exchange/BNPL_USDT
Disclaimer: This is a paid post and should not be treated as news/advice.