Big Community Update: Ink Pay, Partnerships, XNK Adoption, and Self Sovereign Reputation

A summary of all the big things happening with Ink Protocol, including the Ink Pay beta launch, partnerships, and adoption!

Hello everyone! It has been a busy couple months for Ink Protocol, and we wanted to do a recap and share all the exciting news and developments in one big post. The Ink Protocol community has been amazing, and we are happy to say that XNK usage has been growing daily since it was first introduced a few short months ago. We are getting closer to a world where marketplaces and p2p transactions are fully decentralized, allowing buyers and sellers to trade anywhere they please.

Ink Pay

The Ink Pay beta is officially here! The team has been working hard to create an easy-to-use interface for Ink Protocol. The beta is now out and available for anyone to use. It makes it much easier to interact with Ink Protocol outside of Listia. We made the very first Ink Pay app purchase from Empire Estates Toys.

Ink reputation for Empire Estates Toys is viewable via Ink Pay here:

Many more updates and features are in the works, so stay tuned for the official launch when we come out of beta mode.

XNK Adoption

The most important thing for Ink Protocol is continued growth in real world adoption. We are very fortunate to have a large, functioning marketplace with Ink Protocol integrated from the very beginning to kick start things. While summer is usually a slow period on Listia, with fewer listings and transactions than the rest of the year, this summer has been very different. Usage continues to grow week over week and we are fast approaching 3M XNK listings!

Total XNK Listings

Weekly growth

Partnerships & Community

We’ve also been getting a lot of interest from companies and projects looking to integrate with Ink Protocol. Here are some of the top partnerships and announcements:

Ink Protocol is one of ConsenSys Ventures’ Newest Portfolio Companies

We are honored to be working with some of the brightest minds in Ethereum and blockchain tech!

Bancor’s Conversion Widget is Live on the Listia Marketplace

You can now get XNK directly from Listia.com using Bancor’s conversion widget, making it even easier for marketplace users to buy and sell items using Ink Protocol.

Ink Protocol Listed on Global Cryptocurrency Exchange CoinBene

CoinBene, one of the largest global exchanges for cryptocurrencies, announced they will list XNK on June 19.

Ink Protocol Partners with Ticket Reselling Marketplace PassageX to Remove Fraud

PassageX and Ink Protocol are partnering to offer low-fee and fraud-free transactions to the secondary event ticket market.

Ink Protocol Partners with Monarch Token to Power XNK Storage and Payments

Listia’s XNK token based platform will use Monarch as the cold wallet and payments solution, eventually powering fiat to XNK payment processing for all P2P marketplaces on Ink Protocol.

We also did a great video interview with Monarch about the partnership and the future of Ink Protocol + decentralized marketplaces

Announcing our Partnership with Karma to Improve Trust in P2P Lending

Ink Protocol and Karma have teamed up to build an economy of trust across all types of P2P transactions.

Self Sovereign Reputation

Hacker Noon recently published a post that we wrote about “self sovereign reputation”. It’s the idea that an individual or entity can maintain full authority over its own reputation. We believe this will completely change the way everyone buys and sells online.

Definitely worth a read if you haven’t checked it out yet:

https://hackernoon.com/self-sovereign-reputation-will-change-how-we-buy-sell-online-86662307876e

Community AMA and Live Stream

In case you missed it, check out our recent live stream and AMA. It covers a lot of the things in here, but we also try to answer a lot of the most burning questions from the community:

Thanks for reading through our update. More soon!