The trade-for-credit, B2B exchange platform, possesses the authority to provide an allowance to the companies with intentions to list their goods and services available for trade-in a closed-loop platform, MonetaPro, confirmed presence at the AIBC Malta event.
The AIBC event was held in Malta back in the month of November and is considered one of the most important events that are held in relation to cryptocurrency, blockchain, and emerging technologies.
Well, the major thing to notice here is that following the execution of a trade, the company refuses to receive cash in exchange, but instead, they receive G-BUC, which stands for General Business Usage Credit and is internal trade credit.
The credit can be further utilized to buy other goods and services from companies that were approved to trade in the platform. In addition to this, the official description of MonetaPro available on the official website of the platform revealed that it provides a centralized global trading space for all the companies to trade with existing partners and build new connections.
MonetaPro Taps the Trillion-Dollar Global Barter Market
Moreover, all the aspects of ownership become decentralized and are recorded on the platform that contributing to the increased transparency and efficiency of the audit trail. As mentioned on the website of MonetaPro, it is basically a global corporate barter process via Closed-Loop System.
Talking about the advantages of MonetaPro to the users, the first one that pops up in our mind is the automation for trading, followed by the proof of ownership transfer, and the presence of a multi-party trading system.
Summing up, the MonetaPro platform is dedicated to serving as a platform for conducting a global barter system and was founded to ultimately contribute to providing value to the global trade industry through liquidity, efficiency, and reliability enhanced by building trust.