CHIMPION: INCREASING CRYPTO ADOPTION THROUGH E-COMMERCE
An article released by Cointelegraph estimated that cryptocurrency market capitalization will hit 5 trillion dollars with over 100,000 user registration on various cryptocurrency exchange. Personally, I believe that the financial future is decentralized. Cryptocurrencies have a lot same fiat. Unlike fiat, crypto is difficult to spend. It's easy to hold and difficult to use. Timothy Cook Draper an America venture Capitalists once said, > "In five years, you are going to try to go buy coffee with fiat currency and they're going to laugh at you because you're not using crypto,". This statement is a far cry from the current reality, as there are not so many platforms facilitating the use of cryptocurrency.
Everyone on in the blockchain and cryptocurrency space yarns for adoption. Look at this statement for one of the most prominent individuals in the space, am talking about Vitalik Buterin:
"I want to be able to walk into a convenience store, get a card, pay $5 and get $5, minus some small fee of like Bitcoin, Bitcoin Cash, Ether".
Simply put, everyone wants to use cryptocurrency to make purchases. This is the reason why the Chimpion platform is important to space.
WHAT IS CHIMPION?
Chimpion is an e-commerce platform built with blockchain technology. Chimpion uses crypto for transactions as against fiat. Chimpion is leveraging on the massive E-commerce industry to make cryptocurrency more usable. The e-commerce industry is huge with a lot of participants and funds. It is a global market.
On Chimpion, a merchant can accept any of the naïve tokens in the platform as well as any cryptocurrency including stable coins, in exchange for their products.
Chimpion has a cryptocurrency wallet that is integrated into the platform. It's called the BCD wallet. You can use to receive, make payment for your purchases and store your crypto assets. The App is available on play store and you download it here. The iOS version will be available for download soon.
The fusion of cryptocurrency and e-commerce also has certain advantages for the e-commerce industry.
Firstly, it will bring about the faster and cheap transaction for merchants and individuals. Less stress in managing funds is you won't have to deal with traditional centralized financial institutions.
Chimpion platform is also capable of providing basic financial services for individuals. This will be very useful for countries where due to infrastructural deficit a lot of people are still unbanked.
The Chimpion platform also opens the global market to every merchant whether big or small. It has eliminated the cost involved for any brick and mortar to have an online presence. Unlike traditional E-commerce platform, Chimpion doesn't charge any subscription fee.
The Chimpion platform is a working product and it's current major merchants includes BCD Bazaar, Marks Jewelers, Mahone's Wallpaper Shop and Rosetta Coffee.
The key partnership has also been secured by Chimpion. Chimpion is partners with shopping cart elite, Paytoamt, Mooncatcher and Gemini.
CONCLUSION: Chimpion is on track to make people use cryptocurrencies for transactions daily. The project is keen to champion the adoption of cryptocurrencies.
STAY CONNECTED
WEBSITE: https://www.chimpion.io
TWITTER: https://twitter.com/chimpionio
FACEBOOK: https://www.facebook.com/Chimpionio/
TELEGRAM: https://t.me/chimpionio/
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