We are very excited to announce a new multidimensional strategic partnership with Ferrum Network, a DeFi platform designed to enable cross-chain interoperability through their suite of user-friendly Blockchain as a Service (BaaS) products.
This new partnership is a significant step forward for PAID as it will give us exclusive access to Ferrum Network’s white label bridge protocol enabling PAID Network to scale to new levels and bridge across to Binance Smart Chain (BSC).
PAID will be the very first to deploy Ferrum’s white label cross-chain technology which will benefit our ecosystem by allowing PAID token holders to swap tokens between ETH and BSC on demand. Moreover, it will give our PAID Business DApp and Ignition Launchpad access to cheaper transaction fees available on BSC and effectively open new doors for BSC users to utilize PAID Smart Agreements and take part in BSC native Apollo X IDOs.
Ian Friend — COO and Co-Founder at Ferrum Network said:
“On behalf of myself and the rest of the Ferrum Network team, we are thrilled to be working with PAID Network and to be providing them with the white label version of the Ferrum Cross Chain Token Bridge. We look forward to a long and fruitful partnership ahead, growing the Ferrum and PAID ecosystems together.” Ian Friend — COO and Co-Founder at Ferrum Network
Kyle Chasse, CEO of PAID Network said:
“We are always on the lookout for partnerships that enable us to access and support incredible and reliable teams that are building disruptive tech. Ferrum fits that bill and we’re thrilled to be among the first to utilize their revolutionary cross chain technology. We look forward to an amazing partnership with Ferrum and can’t wait to grow our ecosystem together.”
Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space. Ferrum Network was launched by a team of crypto industry experts in June 2019. The project’s goal is to facilitate the mainstream adoption of cryptocurrencies on a global scale by building white-label blockchain solutions that power startups and established organizations, enabling them to get their product to market faster.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Astar to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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