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ZoidPay, a cryptocurrency start-up with offices in Romania, Cyprus and Hong Kong, has launched a nifty platform that allows consumers to buy and pay in crypto from over 40 million major online retailers around the world, including Amazon, eBay, and Alibaba.
The “Shop Anything from Anywhere with Crypto” team is focused on an untapped marketplace, a fully crypto-based payment buyers platform that is usable in everyday life. ZoidPay is built on a convenient ecosystem designed to benefit users in every way, ensuring a smooth and enjoyable shopping experience that works with most major retailers.
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How ZoidPay works
The platform includes three main components for smooth operation, an encrypted payment card, a digital wallet, and an integrated marketplace (aka shoppers’ paradise).
Its crypto card allows buyers to make contactless payments with their crypto assets, while the digital wallet allows people to manage their crypto in a user-friendly environment. By the way, merchants can also use it as mPOS (mobile point of sale) to accept crypto payments. Awesome.
The Marketplace is a global merchant aggregator that provides users with over $ 1 billion in cash per day to spend crypto assets on major e-commerce platforms, such as Amazon.
Very simply, this means that you decide how much (or how little) of your crypto you want to liquidate so that you can actually buy things in the market.
The shopping experience itself is straightforward. First, users browse like a typical shopping experience, using the Marketplace or even taking advantage of search filters. Then you can add items to your cart, select your tokens from your wallet, and get your virtual card issued to make your payment.
The plans also include the integration of the GoogleChrome extension, which allows users to buy anything from anywhere in the world with their crypto simply by connecting their existing digital wallets.
As a bonus, the ZoidPay digital wallet can also be used in physical stores simply by using your smartphone as a POS (point of sale.)
The ZPAY token should be monitored
ZPAY is the native token of ZoidPay and the backbone of the ZoidPay market economy, providing several benefits to users. These range from zero transaction fees to exclusive stake rewards, discounts and, of course, access to the marketplace itself.
According to the company’s white paper, ZPAY has a total supply of 700 million coins, with a listing price of $ 0.16 per coin. So this is a functional token with good value and good potential.
The end of Fiat?
With an ever-growing interest in crypto payments, the MasterCard New Payments Index shows that 93% of consumers are considering crypto for their online purchases.
It’s start-ups like these that investors need to watch out for, this is the future of online shopping, and the market is only going to heat up.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a premium Motley Fool consulting service. Were motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.
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