Achievements and prospects of the barter platform
By: Nansy Dunne
Tags: Trading, Smart Contracts, Blockchain, Cryptocurrency, Barter

Hello everybody! 👋🏻 Today we will tell you about the achievements and prospects of the Barter Smartplace platform.

Despite the fact that the barter system is considered somewhat outdated, in the modern world, it is gaining popularity again, as there is now a tendency for anything to bring benefits.

The main reason businessmen use barter is to save money. Since capital is vital to a business, this is a great strategy to keep it. Barter is not only a preservation of capital, it is an indispensable tool for exchanging goods and services of equal value, instead of converting goods into money and buying other necessary goods for this money, spending double commissions.

There is no doubt that barter is big business and it is growing every year. Thanks to technological progress and the development of information technology, the form in which one can negotiate an exchange has changed.

🏆 The Barter Smartplace platform will become a broad addition to the existing OTC and exchange platforms, introducing a new type of trade — barter exchange, which is concluded without financial transactions, which does not load the financial system.

Smartplace seeks to expand the use of smart contracts that have long established themselves in the financial arena. The implementation of the transaction takes place after all the terms of the agreement are fulfilled, thanks to computer algorithms that automatically control and check the data recording, and ensure the fulfillment of the obligations assumed by the parties to the agreement.

Barter Smartplace develops a blockchain platform for barter transactions, the participants of which have the ability to exchange any tokenized assets and liquid currencies. The barter trading protocol will be integrated into other digital asset trading platforms to improve trading operations and streamline legal support for transactions.

Smartplace is designed in such a way that transactions for large volumes are quick, with low transaction costs, and have legal force — a signed contract. A smart contract is a guarantor of the execution of the contract, subject to all the previously established conditions.

✔️ Thanks to the successful testing of Barter Wallet and Barter Smartplace, the technical implementation of these applications has already begun.

✔️ As the platform develops, the list of supported liquid currencies and assets will expand.

✔️ Barter Smartplace is not just for OTC trading with leading cryptocurrencies. The platform will be widely used to trade collectibles, precious metals and stones, jewelry, company shares, and other high-value deal items.

✔️ In the first year of the launch of Smartplace, it is planned to closely interact with banking institutions that want to research cryptocurrencies, digital financial assets and blockchain technology, and law firms that will become agents of the platform for legal support of transactions.

✔️ The opening of international offices will allow expanding activities and carrying them out in other countries.

It is much easier to use barter if the transaction requires it than resorting to monetary relations. Barter definitely attracts customers, this method is available to absolutely all businessmen, it will be especially interesting in the first stages of its activity.

📢 Learn more about the future of Barter Smartplace at http://barter.company/.

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot