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PawnTrust Set to Revolutionize PawnShop Business

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PawnTrust has launched PawnScan, a groundbreaking tool allowing users to pawn or sell items through a verified network of over 7,825 pawn shops across the US. This innovative platform is the first of its kind in the industry, facilitating swift transactions via a unique API process. Consumers can photograph their items, submit them to the marketplace, and receive live offers within a five-minute window. Set to go live in Q2 2023, PawnTrust aims to streamline and digitize the pawn industry, providing a hassle-free experience for millions of Americans.

Positive
  • Launch of PawnScan tool enhances access to over 7,825 verified pawn shops.
  • First-of-its-kind API process improves transaction speed and convenience.
  • Consumer-centric platform aims to transform the pawn industry digitally.
Negative
  • None.

ATLANTA, Jan. 5, 2023 /PRNewswire/ -- Revolutionizing the way pawn shops do business, PawnTrust ($DWIS) launched a new tool on its website pawn scan, that collects data to create a platform listing verified, active pawn brokers around the country.

The tool, PawnScan, allows PawnTrust to meet its main objective to give the public access to a reputable online platform to pawn or sell items. PawnTrust is the first to market with this revolutionary bidding process exclusively for pawn shops.

When a consumer chooses to pawn or sell an item, PawnTrust makes the process as effortless and faster than ever thought possible. In fact, PawnTrust's API process is the first of its kind in the pawn industry.

Through PawnTrust's API process, a person wishing to pawn or sell an item will send a snapshot/photo of the item to the PawnTrust marketplace, where over 7,825 verified pawn shops will have the opportunity to make an offer on the item.  All offers will be live with a five-minute window for the transaction. All transactions will be private between the pawn shop and the consumer.

PawnTrust's API's Intelligence Platform connects pawn shop data from thousands of sources in the US, servicing millions of Americans. This platform enables nationwide access to quickly get results and eliminate the need to find nearby pawn shops.

PawnTrust API gives a customer-centric experience to the users that helps save time by pawning or selling items within minutes, without leaving home. This brings the digital revolution to the industry just as the market is on the verge of expansion by turning into a pawn shop marketplace for people to pawn or sell it with a decentralized trust mechanism.

PawnTrust will be live by the second quarter of 2023.

Learn more about PawnTrust at www.pawntrust.com.

CONTACT:
Ven Gari
dm@pawntrust.com
+1 888-243-2680

Cision View original content:https://www.prnewswire.com/news-releases/pawntrust-set-to-revolutionize-pawnshop-business-301712752.html

SOURCE Dinewise, Inc

FAQ

What is PawnScan launched by DWIS?

PawnScan is a new tool by PawnTrust that allows users to pawn or sell items through a network of over 7,825 verified pawn shops.

How does PawnScan impact the pawn industry?

PawnScan revolutionizes the pawn industry by facilitating fast transactions and providing a trusted, online platform for consumers.

When will PawnTrust's PawnScan go live?

PawnTrust's PawnScan is set to go live in the second quarter of 2023.

What advantages does the PawnScan tool offer to consumers?

PawnScan offers quick, efficient transactions with live offers from pawn shops within five minutes, enhancing user experience.

What is the stock symbol for PawnTrust?

The stock symbol for PawnTrust is DWIS.

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