Paywithsteem : We Are Officially Registered As PAYWITHSTEEM LTD!
Paywithsteem : We Are Officially Registered As PAYWITHSTEEM LTD!
Our team has come a long way since 4 months ago in November 2017. When we first started up this project, we saw it as an opportunity to create the first B2C (Business-to-Consumer) e-commerce initiative on the STEEM blockchain. Like all start-ups, the first stages have been a challenge to close the gap between our vision and the consumers needs.
We kept our fingers crossed and grit our teeth despite the dips (or some would call it a 'crash'), and we're proud to announce to everyone today that Paywithsteem is now an official registered company in the UK!
How Far We've Come
Gauging from the response about the project on our Discord channel, we found a bigger market beyond just offering an e-commerce platform to shop. Previously, Paywithsteem was aiming to become the e-commerce cornerstone on the blockchain. Like AMAZON, except we trade in STEEM or SBD.
After analyzing external factors, however, we have concluded that the wiser move is a slight tweak in our business direction.
Think Purse.io, but on STEEM. This gives all Steemians access to a seamless shopping experience with payment in STEEM or SBD. Basically, all Steemians will be able to buy anything online using STEEM or SBD, through our service. This means that as soon as we launch our service, no matter where in the world you wish to shop, you'll have the option to pay for your things online with STEEM or SBD (we only charge a small fee).
Currently, the team is raising funds to automate the entire process.
As we're preparing this post, a fellow Steemian web developer is currently working on revamping our website. We want to automate Paywithsteem and move away from Shopify's layout. This whole revamping thing brings about a few benefits as follows:
- Providing the Steemit community with a quick, secure, and hassle-free shopping experience with STEEM and SBD
- With no operations person in between, we are able to lower our fees of 20% to as low as 10%
- This also means no human error
- With less operations work on our hand, we can focus on expanding regionally (beyond USA and UK)
Disclosure
Hence we're announcing that from now on, all SBD generated from our posts will be turned into STEEM via the internal market. In the event that we did not manage to rake in $10,000 via payouts for our posts, we will power down our SP to withdraw the profits earned in order to sustain our project.
If you have any questions just ask below!
A huge thank you from the @paywithsteem team for any support received!
·SHOP NOW·
‘Spend Where you Earn’
‘Pay with Steem, Fulfilling Dreams’
Interesting stuff, will keep a close eye on this project!
You guys are early to the game! With the ability to launch ICOs on steem (SMTs), lots of people will be attracted to build on steem. there will be an increasing demand for @paywithsteem. from a strategic perspective, i salute your move from wanting to be amazon to leveraging amazon.
More importantly, how can we help beyond the up-vote?
Note that I am not a developer.
So much early to the game ......you can say
Exactly! We wanted to set up nice and early so we are already established for when all the new users come. Unfortunately there is no other way to support us other than votes right now :(
It looks great!
Congratulations. may be you are the first of its kind of service.
Great idea. Full support from me...
Congratulations!! Excited to have this service
Thank You!
This is awesome and what seems to be a natural development for our favourite crypto here on steemit.com!
Thanks a lot for sharing this fantastic news with us all and a giant CONGRATULATIONS to you all for such a powerful initiative that will see success after success!!!
Namaste :)
cryptoes are future...
Thanks!
Amazing !! Congratulations with this start up. Will be Great, Im curious how the endresult will look like.
It will be great! We here @paywithsteem are looking forward to the end result too, It will for sure take time but we will get there!
wow this is a huge step forward! I just looked on your website and I love the Amazon idea! Exciting times lay ahead :)
I got to say, your project caught my interest. I'm curious about how the Steem SMT's will change this platform (from gaining to actually being able to spend it), and how this will change your platform once it starts establishing itself.
More than that, I'm curious about your team, if you're recruiting and if you'd let someone like me (music artist) do some promotion for you or something.
I like your approach towards potential opportunities.