Crypto adoption won’t be possible without accelerating its usage as a currency, and not only as an investment asset.
Continuing digitalization of modern life has changed the way people buy products and services. Online shopping is one of the most popular online activities worldwide, with over 2 billion users. Accordingly to Statista, annual e-retail sales reached $4.9 trillion in 2020. This number is projected to grow to $6.54 trillion in 2022. However, the main payment method for online purchasing is digital fiat money.
Cryptocurrencies, which were hoped to disrupt the traditional payment process while shopping, are still not accepted when it comes to major e-commerce websites, such as Amazon, eBay and Walmart.
Launched in September 2020, blockchain-based Shopping.io provides a gateway to make purchases from e-commerce sites with cryptocurrencies and addresses the liquidity issue on the crypto market.
Using technology to improve the shopping experience on major e-commerce websites
AI-powered comparison and suggestion mechanisms are widely adopted by most e-retail platforms. But accepting, verifying and processing cryptocurrency payments are still rocket science for many website owners, merchants and consumers.
The Shopping.io platform offers a solution that serves as a next-generation, unified e-commerce marketplace and payments processor.
Its technology infrastructure eliminates the need to create multiple accounts and provide personal data to several sites whenever you shop online or convert digital assets into fiat money. The simplified registration process requires only an email ID, password and choosing the type of account: buyer or seller.
Smart, AI-powered search and comparison tools enable consumers to find the best deals Amazon, eBay and Walmart have to offer.
Payments on the Shopping.io platform are conducted via CoinPayments, where users have the option of using over 100 cryptocurrencies for their transactions.
Shopping.io uses a blockchain network to provide a transparent supply chain, in which consumers can see the order flow of their products, helping to increase consumer loyalty. This not only enhances the logistics and supply chain process but also shortens the delivery time.
All payments are secured through smart contracts, while the platform and user data are secured on a blockchain. All user data is encrypted and stored on a decentralized blockchain network. Moreover, the website uses security protocols SSL and complies with the Payment Card Industry Data Security Standard, among other measures. The funds are released by the smart contracts only upon delivery.
Additionally, the purchased items will reach the designated addresses in the United States within two days. The return policy follows a standard 30-day limit, which starts from the day of receipt.
Launch of the Loyalty Program and SPI utility token
As previously reported, the company is launching a loyalty program on a membership basis. The membership can be acquired through the native utility token distribution starting on Jan. 1, 2021, at 5 pm UTC.
While free shipping within the U.S. is available for all types of accounts, two premium account categories are available for token holders — “Starter” and “Pro” — that grant several advantages for active users.
Members of the Loyalty Program have access to the VIP Telegram group, with daily airdrops and monthly giveaways of prizes, such as iPads, laptops, PS5 and other products. The Discount Club also regularly features specific items with a discount of up to 90% from major e-commerce websites.
For holders who have more than 1,000 SPI tokens (Starter account), there’s a 5% discount available for all items on Amazon, eBay and Walmart. For those who hold more than 2,000 SPI (Pro account), the discount goes up to 10%. The premium account will also include an international shipping service once borders around the world are reopened. The cost will be calculated based on the weight and dimensions of the ordered item.
Shopping.io focuses not only on covering many geographical territories but also on the most popular e-commerce websites. It is also preparing to integrate with AliExpress products and is in the process of developing a mobile application.
About SPI Token
The SPI is the native utility token of Shopping.io on the Ethereum blockchain protocol, with a finite supply of 1,000,000 tokens. The entire SPI supply is going to be released on Uniswap during the Jan. 1, 2021, launch.
Shopping.io is a blockchain-based platform from AZ Express Retail, offering a unified marketplace that combines all major e-commerce industry players under one website and enables cryptocurrencies to be used as a method of payment.
For more information, please visit the official website.