BNPL Pay Launches Bank Node Operator Pilot Program
BNPL Pay Launches Bank Node Operator Pilot Program
馃彟 Free Money for Banks?
BNPL Pay announces a pilot program for the first 5 regulated financial institutions to become Bank Node Operators. Key benefits include:
- 0% interest token loans for 12 months
- No upfront capital required for node bonding
- Revenue from staking rewards and transaction fees
- Option to purchase loaned tokens at market price after 12 months
Eligible institutions must submit proposals within 30 days of launch. Applications open on launch day with a 5-day review period.
Officially launching our Bank Node Operator Pilot Program! Be one of the first 5 institutions and get the following benefits: 鉁旓笍 0% interest token loan for 12 months 鉁旓笍 Bond your node without upfront capital 鉁旓笍 Earn staking rewards + transaction fees Full details:
BNPL Pay Protocol: A Comprehensive Guide to Decentralized Lending
BNPL Pay introduces an Ethereum-native protocol for under-secured credit, targeting the multi-trillion dollar BNPL market. Key participants include: - **Borrower Nodes**: Stake BNPL tokens to manage liquidity pools - **Lenders**: Provide stablecoins, earn 75% of interest plus BNPL rewards - **Borrowers**: Access under-collateralized loans with on-chain credit history - **Stakers**: Vouch for nodes, earn 12.5% of interest - **Protocol Operator**: Maintains infrastructure, receives 10% of interest The system features automated DeFi yield generation for idle funds and a structured default management system. Governance occurs through the BNPL DAO. [Learn more about the protocol](https://medium.com/bnplpay/bnpl-pay-protocol-how-it-works-5a7ca912f015)
BNPL Pay Signs Major License Agreement with Ovanti Limited
BNPL Pay has secured a strategic partnership with Ovanti Limited (ASX: OVT), marking a significant milestone in decentralized BNPL lending. Key highlights: - AUD $2.39M funding from Ovanti - 50% revenue share from platform activities - Enhanced liquidity through stablecoin lender participation The agreement validates BNPL Pay's decentralized lending model and positions the protocol for sustainable growth in the BNPL sector. This follows their January 2025 protocol relaunch and partnership with Global Block. [Join the community](https://t.me/bnplpaychat) to stay updated.
BNPL Pay Protocol Announces Strategic Relaunch and Funding Round
BNPL Pay announces a strategic pivot to focus exclusively on Buy Now, Pay Later businesses. Key updates include: - New funding round with TradeFi partners using foundation treasury tokens - Enhanced security measures following 2022 wallet compromise - Partnership with Global Block for operational expertise - New P2P lending pools with autonomous Banking Nodes - Improved governance framework for stakeholders The protocol will launch a new website in Q1 2025 alongside several key partnership announcements. Visit bnplpay.io for more details.