Bancor is set to be used as a unit of account within a multilateral clearing system in international trade. It is a “market maker” so-called app that allows its users to buy or sell smart tokens at prices matching those found on major exchanges.
While this service is similar to traditional exchanging, Bancor doesn’t match sellers and buyers; Instead, it enables users to buy or sell BNT tokens which makes a built-in smart contract-based liquidity mechanism.
With a Bancor Wallet which lets users buy ETH with a debit/credit card, the platform is important for offering liquidity to the crypto community. The platform offers over 90 active tokens (and plans on adding more) with over 4000 trading pairs.