The Collateral Protocol automatically calculates at the point of sale the amount of crypto that needs to be locked in the smart contract to facilitate the payment and once locked, the FIAT equivalent is instantly sent to the merchant to finalize the transaction.
COLLATERAL aims to be the market leader in facilitating purchases by using crypto as collateral through a worldwide network of merchants and to become as recognizable as WorldPay, Visa and Mastercard!
Collateral Ventures is the investment arm of Collateral and will mint NFTs using Babylons technology to raise funds for the projects that they incubated. Investors that own such NFTs will get airdrops of the selected projects’ tokens. Thanks to Babylons’ versatility, a new use case for NFTs can now take place via this mechanism.
Babylons is a next generation NFT marketplace with low-cost minting, weekly rewards, and a DAO governance that puts the power in the hands of the community.
Underpinned by the polkadot network, COLLATERAL is a payment gateway accessed through an interoperable crypto wallet, granting access to spending power by using crypto as collateral at the point of sale.