Knit Finance partners with PAID Network to provide a smooth backend process and improved efficiency.
A new partnership has been formed between Knit Partnership and PAID. Knit Finance is a great DeFi based protocol that gives a platform for any digital, lockable asset to be leveraged, wrapped and minted as a K token on a ratio of 1:1.
This great partnership will grant PAID a wider platform by giving it great access to cross-chain interoperability where the PAID token will be wrapped as K-PAID and transacted across multiple independent blockchains... Knit finance in turn will take on PAID’s SMART Agreement technology which it will apply to smoothen backend processes and improve its overall efficiency
When asked, Sainath Gupta, CEO of Knit Finance said:
“We have always ensured a convenient experience for our users, and this collaboration with PAID Network will further enhance our efforts to make our user experience the best. Our users will enjoy the benefits of PAID Network’s DeFi powered SMART Agreements while leveraging, wrapping, and minting digital and lockable assets. With PAID Network, we hope to explore more domains of DeFi and blockchain technology.”
This partnership will bring two uniquely amazing eminent projects together to greatly amplify DeFi technology as a whole
There’ll be so many great gains for PAID network and its global community as there are numerous opportunities that would spring up from having PAID available as K-PAID to users of different blockchains.
Also for Knit Finance, this partnership opens up an opportunity for users to traverse PAID SMART Agreements using it as a medium to make more efficient business agreements…
Kyle Chasse, CEO of PAID Network, also had the following to say:
“PAID and Ignition both practice and preach interoperability, so to see Knit Finance come into the space and enhance the ERC20 ecosystem the way they do, is more than exciting. We also love the way they assist in connecting the industry further through enhanced interoperability.
This partnership brings that value to our community and will create massive DeFi opps for $PAID holders. Allowing our community to access K-PAID and the corresponding blockchains and DeFi opportunities is massive.
The interest we have seen so far in the commercial applications of PAID and our business legal toolkit has even surpassed our own expectations. Every day more and more companies are reaching out to us for future integration and/ customization for their specific use cases and to form this partnership with Knit Finance, is another opportunity for us to showcase our solution.
It’s great to see the industry come together through these partnerships and work with one another to test, use and prove these new systems and technologies.”
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the Knit Finance, please feel free to reach out to us on:
Medium: PAID NETWORK
About Knit Finance
Knit Finance is the next generation of DeFi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT Finance by generating equivalent wrapped tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.