The WatchApp, REDBLOK’s cloud-based platform for luxury watch retailers, pawnbrokers and traders, has reported that it has reached over 50% of its first quarter subscriber target within just three weeks.
Established in 2017 by REDBLOK managing director, Daren Daniels, The WatchApp provides a peer-to-peer e-commerce marketplace for retailers, dealers and pawnbrokers in the luxury watch sector to share, buy and sell their products online in an exclusive trade-only space.
The WatchApp has said its growth suggests it has tapped into a potentially lucrative market that will not only provide a more convenient way for dealers, retailers and pawnbrokers to interact, but will dramatically reduce the cost of sourcing new stock.
It is free to sign up and is charging a 1% finder’s fee on all pre-owned luxury watch sales until December 2017.
Daniels said: “The rise of increasingly decentralised markets and communities is enabling businesses to give themselves more agility and take more control over their services, suppliers and even their forms of payment. By developing the platform further we will aim to deliver the next generation of truly peer-to-peer online markets for the luxury sector.”
More information on The Watch App and how to become a registered buyer or seller is available on the website.