Until now, it was only possible to move money on the blockchain in the form of cash. Bitcoin democratized the transfer and storage of money, while Ethereum democratized the creation and storage of monetary contracts. With the Credit Protocol, BlockMason has taken the next logical step in the decentralized economy: democratizing currency creation through permanently recorded debt and credit obligations on the blockchain. BCPTs, when staked to applications built atop the Credit Protocol, provide transaction capacity allowing those apps to run. Without the token, the application would not have write access. BlockMason is releasing our first consumer mobile application built on the blockchain: Lndr (www.lndr.io). Lndr combines full wallet spot settlement features with the ability to keep debts outstanding by using the Credit Protocol. Users can create, track and manage casual debts and settle with major crypto currencies.
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