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.
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.