Cryptocurrencies have continued to grow in fame in recent years and have revolutionized the financial zone. Furthermore, the concepts of decentralized finance and NFT have further increased cryptocurrency use cases to new fields and brought creations.
The e-commerce area is seen as one of the fastest growing in the world, with more than 2 billion people expected to buy online by 2021. The convenience of e-commerce platforms and their universal presence means many prefer them to their local store.
The pandemic Covid-19 disease made buying things online out of the rule, as several were unable to leave their homes during global isolation. However, classic payment procedures are expensive and users must pay high transaction fees to complete e-commerce purchases.
Cryptocurrencies are cheaper and offer a faster means of payment without the chargeback hassles associated with credit cards and conventional financial procedures. Uquid is at the forefront of bringing crypto payments to the e-commerce sector.
An innovative DeFi ecosystem
Uquid belongs to the fastest growing ecosystems that combine DeFi Properties and e-business. Launched in 2016, the platform was one of the first to enable a virtual crypto debit card that allows the purchase of items using various altcoins.
Users also remain incentivized to make purchases through a DeFi-based loyalty program system. Consumer wallet addresses used for purchases have the ability to automatically recognize bonus rewards. Uquid-compliant contracts record such views and allow users to spend them at any time.
Uquid also has a DeFi-centric ecosystem called Defito, where users have the ability to stake UniSwap LP tokens to demand the DeFi Stake purchase token '' DSS ''. It also uses NFT to great impact and has launched an NFT shopping mall system for digital assets. In this system, sellers of particular products are identified by means of a unique tokenID. After the transaction is completed, a transfer of ownership is made to the customer.
Uquid launches e-commerce platform
Uquid has launched Uquid.com, an e-commerce platform that awards more than 2 million items for users to purchase. The e-commerce platform integrates the Lightning Network node, ensuring that transactions are confirmed faster and at lower prices for customers.
DeFi lovers and consumers also have the opportunity to reap huge benefits from the creative shop for concepts at Uquid.com. It is similar to the bet where you are rewarded with new tokens. With the buy to win program, users get new rewarded tokens every time they complete transactions on Uquid.com.
Furthermore, Uquid has introduced an exclusive criterion of '' Mercar now and pay later for '' Crypto ''. This is the first of its kind and follows similar successful models in mainstream finance like Afterppay and Klarna. Uquid Pay allowed users to divide the payment of goods and services into 3 installments in the 90 days without paying additional fees.
What awaits e-business and blockchain
Blockchain technology and cryptocurrencies play a massive role in the development of the e-commerce sector. Faster transactions, financial integration, and cheaper transaction fees are some of the advantages that consumers get from using blockchain-based e-commerce platforms.
Uquid has positioned itself to become a major player in the e-commerce area in the future. His team has also revealed that it would prioritize updates to its ecosystem in the coming months. More information about Uquid.
