Polytrade integrates the Venly Wallet API solution on its platform
Polytrade, a DeFi platform that provides real world borrowers access to low interest and swift financing to free up critical working capital, tapped from crypto lenders, implements the Venly Wallet solution via API for its users. Borrowers and lenders on the Polytrade platform will have their assets secured by the Venly Wallet technology.
Polytrade tokenizes real-world invoices and pays them directly via its liquidity pooled from the lenders. Lenders get rewarded with yield and borrowers solve their cash flow challenges by accessing the funds directly.
"Since our transactions are high value and low frequency we required utmost amount of security and ease of integration. Those were the key points for our decision to go with Venly" Arul Prakash, COO Polytrade.
For Venly, this can grow into one of the biggest DeFi use cases. A 7 trillion USD trade finance industry grasping to the blockchain technology and decentralized finance. And this with a great user experience and top class security by Venly.
More about Polytrade:
Polytrade is a decentralized trade finance platform that aims to transform receivables financing. It will connect buyers, sellers, insurers, and investors for a seamless receivables financing experience and help users avoid existing market challenges using its platform solutions. Polytrade will provide real-world borrowers access to low interest and swift financing to free up critical working capital tapped from crypto lenders.
By onboarding on Polytrade, everybody gains because the platform bridges the gaps in traditional receivables financing by accessing untapped crypto liquidity. Through Polytrade, we want to boost business growth where liquidity is not a hindrance.