Ampersand Markets is a blockchain platform that is developing an ecosystem based on silver in order to create a brand new type of virtual asset (Ampersand Vaulted Silver Token (AXSI)) to let investors purchase silver on blockchain.
On May 15, the company struck a new crucial partnership with TraDove. The latter has received over $50 mln from investors and is a business social network that brings together sellers and customers who wish to buy from them around the world.
TraDove’s value for Ampersand
As per a press-release shared with U.Today, Ampersand Markets plans to take advantage of TraDove’s payment solution, which may attract participants from across the globe to the Ampersand Consortium. Besides, the large customer base that TraDove managed to collect by now would ensure a launching platform for choosing participants for the Ampersand Consortium.
The purpose that TraDove has set itself is facilitating trade between participants in various parts of the world. The company will attract new participants into the Ampersand Consortium – large companies that work with precious metals and virtual assets. Among its current participants are Zaner Metals, DrawBridge Lending and a few others.
The CEO of Ampersand Markets, Seth Patinkin, commented on the new partnership:
“We are thrilled to embark on a strategic partnership with TraDove, which has the ability to support various aspects of Ampersand Markets, including the possibility of facilitating international participation in our consortium.”
Mutual benefits for both partners
Ampersand Markets believes that the extensive experience of the TraDove team in the B2B blockchain industry will help it expand the ecosystem. TraDove raised over $50 mln in an ICO last year, and it intends to help Ampersand adjust its roadmap to attract more clients.
The company uses Ethereum-based smart contracts, while Ampersand’s silver token is launched on an EOS-powered platform.
TraDove will reportedly also become a participant of the Ampersand Consortium. Such giants as Amazon, Huawei, BMW, etc, are already working with TraDove.