The online retail market in the US has seen a sharp increase in 2020, with volumes rising 44% compared to 2019 and reaching $861 billion USD. This puts eCommerce spending at 21.3% of the total retail volume in the United States, a trend that is set to continue until online shopping will inevitably surpass brick and mortar.
This is why we are excited to announce that US consumers will be able to purchase directly with eGold directly at Amazon, Walmart, and eBay, via Shopping.io!
“Drone deliveries, intelligent homes resupplying automatically, virtual shopping experiences, customizable avatars, and other such technological advancements will continue to drive online sales and convenience for everyone. As a result, eCommerce is rapidly growing its share of the $5 trillion dollars US retail market. We’re excited to enable eGold as a means of payment in the new digital retail economy.” said Beniamin Mincu, Elrond CEO.
Shopping.io was established by dropship experts to enhance the online shopping experience by adding a cryptocurrency payment option. They have already successfully integrated large retailers such as Amazon, Walmart, and eBay, with AliBaba soon to follow.
The company plans to further expand its offering and allow the creation of storefronts for smaller businesses to offer their products and services in exchange for cryptocurrencies.
The integration of eGold into Shopping.io is scheduled to go live on Thursday the 8th April, which is just enough time for you to create an account with our partner and get familiarized with their intuitive interface. Tip: international shipping is available for SPI token holders, alongside other benefits.
“We value the experience of our customers above everything else and we’re therefore excited to offer them the possibility of using the eGold and Maiar combo for making purchases on our platform.” said Arbel Arif, Shopping.io Owner.
The collaboration is important because it enables eGold holders to directly convert their holdings into products and services, without fees, conversion costs, or waiting times, thus adding even more utility to our token.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
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.