DeFi and shopping may seem like an unlikely combination, but these protocols have the potential to unlock better deals for consumers and merchants alike.
Shopping is an activity of selecting suitable goods and services for the future purchase of the best of them. Online shopping is currently a major sector of the retail industry. Shopping sites have taken a large number of customers due to easy usage, lower prices and time efficiency compared to offline shopping. Retail companies try to gather an even larger consuming base by implementing new technologies. Online shopping with Bitcoin within major retailers was first offered by Overstock.com in 2014. There are still very few shopping sites that accept Bitcoin, but the number of them is growing over time. Sites that allow online shopping with Bitcoin can get a larger number of clients by adding crypto enthusiasts and people who want to try cryptocurrency payments into their customer base. Famous online shopping sites that accept Bitcoin are Expedia, Virgin Galactic, Gyft and Steam.
Loyalty can be so rewarding.9365
Watch out credit cards: A furniture retailer says it believes crypto offers big benefits for businesses and consumers that an old-fashioned plastic card can’t match.14598
Notable entrepreneurs are backing the seed funding round led by Pathfinder that aims to strengthen Lolli’s app.40217
A crypto payment gateway says it makes accepting digital currencies on websites easy with low cost.5169
Alibaba partnered with Bitcoin rewards shopping app Lolli, enabling its shoppers in the U.S. to earn 5% back in Bitcoin.25619
A crypto payment solution is now accepted in more than 530 stores across two nations — and is planning to expand to other European countries.6927
Privacy-focused blockchain software project Particl has announced a market management option that allows vendors to create and manage stores for specific audiences.2250
Bitcoin rewards shopping app Lolli now works at major American grocery chain Safeway to give customers 3.5% back in Bitcoin on all their purchases.15074
Following the partnership with Hotels.Com, Lolli now has two of the world’s top three travel websites including Booking.com.7652
A decentralized marketplace offering e-commerce on demand has launched with 50,000 items, enabling shoppers to have products delivered in less than two hours.5234
A company offering crypto payments in hundreds of stores, as well as a universal loyalty program, has unveiled a redesigned app with upgraded features.7117
Crypto platforms are taking innovative approaches when it comes to incentivization, but what does it mean for miners and the people who use these services?582
Although it is possible to spend crypto in the real world, it isn’t always easy. A new platform wants to make using Bitcoin as simple as bank cards.13341
A new e-commerce ecosystem wants to help small merchants thrive, while giving social media users the opportunity to generate income.11139