In the ever-evolving world of e-commerce, where giant companies like Amazon, Etsy, and eBay have long reigned supreme, new players are emerging on the scene, challenging the status quo and ushering in a new era of online shopping.
Coincrib, a cryptocurrency-focused online marketplace, is among these players. It’s making waves in the sphere, and many experts and bloggers believe it has the potential to become a worthy competitor to the established giants.
Let’s delve into the explosion of cryptocurrency payments in the e-commerce sphere. We’ll see what Coincrib offers, discuss the unique features that set the company apart, and how it’s poised to revolutionize online shopping.
Inevitable changes in the sphere
According to Forbes Advisor, the global e-commerce market is anticipated to grow from $5.211 trillion in 2021 to $8.148 trillion by 2026. This staggering growth reflects the immense potential for innovative players to thrive in the industry.
Among all the reasons for developing the e-commerce and shopping industries, cryptocurrencies will definitely play a crucial role. The advent of cryptocurrencies has ushered in a transformative era, and according to the survey conducted by Deloitte in 2022, it showed that 75% of retailers had plans to start accepting cryptocurrencies over the next two years.
The growing embrace of cryptocurrencies by major corporations and financial institutions reflects a clear trajectory toward broader adoption. Prominent enterprises like PayPal, Tesla, and Overstock incorporating cryptocurrencies as a viable payment option serves as compelling evidence of their increasing credibility and utility. This openness is poised to extend its influence to smaller-scale retailers, reinforcing the position of cryptocurrencies within the realm of e-commerce.
Cryptocurrencies are far more than just a financial tool; they symbolize a profound transformation in the way transactions are conducted and processed. They are changing the landscape of how consumers make purchases, offering numerous benefits that extend far beyond traditional payments. Here are some top companies that have already started accepting crypto.
- AT&T
As a telecommunications giant, the company ventured into the world of cryptocurrency payments to stay ahead in the digital era. They enable customers to pay for services like mobile plans and online purchases with crypto.
- Microsoft
The IT company recognizes the potential of crypto assets. They accept Bitcoin as a payment method for diverse products, including Xbox games, apps, and Windows software.
- PayPal
A leading online payment platform, it made waves by integrating cryptocurrency support. Users can now exchange and keep some crypto funds like Bitcoin, Ethereum, and Litecoin within their PayPal wallets. Additionally, they can use these digital assets for online transactions at millions of merchants, fostering wider cryptocurrency adoption.
- Shopify
An e-commerce platform empowers businesses to accept crypto payments through a third-party integration. Merchants can seamlessly enable cryptocurrency payment options for their online stores, catering to a growing community of crypto enthusiasts and expanding the reach of digital currencies.
- Overstock
An online retailer has been a pioneer in cryptocurrency adoption. They were among the first major companies to accept BTC as a means of payment for a wide range of products, from furniture to electronics.
As you see, it’s a broad trend toward digital currency integration into mainstream commerce, offering customers more choices and convenience in their financial transactions. So, why is a crypto craze invading the e-commerce sphere?
A significant contributing factor is the increasing involvement of individuals in the cryptocurrency sphere. The inaugural release of the ‘Measuring Global Crypto Users’ report produced by Crypto.com back in 2020 showed insights into the global population of cryptocurrency holders. It stood at around 66 million by the end of May 2020. However, this figure has experienced a remarkable surge, surpassing 420 million cryptocurrency owners worldwide in 2023, as reported by Triple-A.
Furthermore, according to Statista, this trend is expected to persist, with the number of cryptocurrency users projected to escalate to a staggering 994.30 million by 2027.
Let’s check the most important advantages.
Enhanced Security and Privacy
Thanks to blockchain technology, cryptocurrencies are providing a high level of security and privacy for online transactions. Unlike traditional payments like bank cards that require sensitive personal information, crypto transactions are anonymous, minimizing the risk of identity theft and fraud. The decentralized nature of blockchain guarantees that transactions have higher resistance to hacking, further bolstering the security of online shopping.
Global Accessibility
No matter where you live, traditional online shopping platforms often limit access to consumers based on location and regulatory hurdles. Cryptocurrencies are borderless and can be used by anyone with an internet connection, eliminating these barriers.
Cryptocurrencies have the potential to bring financial inclusion to millions of people who are unbanked or underbanked. With just an internet connection and a cryptocurrency wallet, individuals in remote or underserved areas can participate in online shopping, opening up economic opportunities and access to a global marketplace that was previously out of reach.
This global accessibility opens up new markets and opportunities for merchants and consumers, fostering a truly international e-commerce ecosystem.
Low Transaction Costs
Credit card companies and payment processors typically charge merchants significant fees for processing payments. On the other hand, cryptocurrency transactions often come with lower commissions, allowing merchants to reduce their operational costs and potentially offer better prices to customers.
Innovative Payment Options
The emergence of cryptocurrencies has given birth to a multitude of specialized payment solutions and e-commerce tools. Among these, crypto gateways and plugins have risen to prominence, empowering online retailers to effortlessly incorporate digital currencies into their websites. These pioneering solutions provide customers with the freedom to select from a diverse array of assets when making purchases, thereby amplifying flexibility and convenience.
Fast and Efficient Transactions
Cryptocurrency transactions are conducted directly between buyers and sellers, bypassing the need for intermediaries such as banks. This peer-to-peer nature of transactions ensures instant payment confirmation and settlement, reducing the waiting times associated with traditional payment methods. Faster transactions enhance the overall online shopping experience, making it more convenient for customers.
A new era of online shopping and e-commerce: meet Coincrib
As you see, the whole e-commerce sector is experiencing growing pressure, and integrating cryptocurrencies is a means to stay competitive and capture customer attention.
Newcomers, as well as giant companies, face a daunting challenge: to stand out from the crowd and show new technologies that can ease online shopping. Here, Coincrib comes to light with its all-in-one solution. Based in Panama, the AIO multivendor platform has managed to carve out a niche for itself by focusing on a game-changing aspect: cryptocurrency payments. Beyond the convenience of online shopping and making a charity donation within a single source, users can also try token staking and different opportunities for making passive income.
Coincrib is on a mission to transform the landscape of blockchain investments, enhancing accessibility and simplifying navigation for all. Its seasoned team seamlessly blends conventional trading platforms with state-of-the-art technologies, positioning the company as a trailblazer within the industry.
Having garnered over ten years of expertise, the team behind the project is ready to provide customers with a groundbreaking approach. The team possesses a profound understanding of the intricacies inherent in these sectors.
While the rise of crypto payments is exciting, Coincrib has a set of features that set it apart from other e-commerce platforms.
Shop and Pay with Crypto
Coincrib redefines the shopping experience by offering a groundbreaking crypto marketplace. This innovative platform empowers both buyers and sellers to effortlessly engage in transactions. Coincrib boasts its own dedicated banking provider, ensuring seamless financial operations. Buyers can embrace the security of cryptocurrency transactions, eliminating concerns about fraud and conventional payment complications. Moreover, merchants can broaden their horizons by accepting payments in a native currency of the platform, $CRIB, and other leading cryptocurrencies.
Charity and Social Voting
The platform thrives on community participation, and it’s driven by its users. The exclusive social voting system lets individuals voice their preferences for new features and enhancements, ensuring Coincrib evolves in harmony with user needs.
Coincrib also plans to champion charitable giving, urging users to contribute to meaningful causes directly through the platform. The collaborative approach to feature development and charitable endeavors fosters a sense of belonging among participants.
Online Education and Telemedicine Services
Coincrib extends beyond shopping, offering various virtual solutions, including e-schooling and online doctor services. In an era of online education, Coincrib connects students with experienced tutors across numerous subjects, simplifying the learning process. Students will be able to find the ideal tutor to cater to their needs.
Coincrib also offers virtual doctor consultations, granting users access to healthcare professionals from the comfort of their homes. This service is particularly valuable to those residing in remote areas or facing mobility challenges, enhancing convenience in their lives.
In addition, Coincrib’s innovative approach extends beyond traditional telemedicine services. Doctors can have private treatment plans as a means of fundraising for necessary medical care. This unique feature addresses a critical issue in many parts of the world, where healthcare systems may only cover basic treatments, leaving patients responsible for additional medical expenses. Not everyone can afford health insurance or the costs of advanced treatments.
Coincrib’s fundraising campaigns will provide a lifeline for those in need, ensuring that individuals receive the care they require, regardless of their financial circumstances.
This approach provided by Coincrib improves healthcare access and empowers individuals and communities to come together and support.
Booking services and Food Delivery
Coincrib will be the ultimate destination for all booking, delivery, and rental needs. With a few clicks, users will be able to effortlessly browse and secure accommodations, select from a range of rental car options, or place orders from their preferred eateries.
Coincrib’s platform will simplify price comparison and ensure users secure the best deals. Moreover, it’ll be a secure and efficient payment option, making booking and renting hassle-free. From holiday planning to daily essentials, Coincrib will streamline the process, making it quick, easy, and convenient.
Buy and Sell Currencies
Coincrib wants to provide a versatile platform for the buying, selling, and exchanging of both crypto and fiat assets.
The platform will facilitate global money transfers with minimal fees, simplifying international transactions. Coincrib’s secure and user-friendly platform will ensure users maintain full control over their crypto and fiat assets. So, anyone will be able to navigate the world of crypto and fiat currencies effortlessly with Coincrib, free from complex processes and excessive fees.
Secure Web3 Wallet
Last but not least, the wallet. It will boast top-tier security features, including multi-factor authentication, encryption, and backup and recovery options. Coincrib’s wallet empowers users to manage their crypto assets, including the native asset of the platform known as the $CRIB utility token. Easily monitor portfolio performance, track transaction history, and receive essential notifications from anywhere worldwide. Coincrib’s secure wallet will ensure peace of mind, guaranteeing the safety and availability of your funds.
Coincrib as The Future of Online Shopping
Coincrib’s emergence signifies the beginning of a new era in online shopping. The forecasted explosion of cryptocurrency payments in the e-commerce sphere. It’s poised to transform how we buy and sell goods online. With its focus on security, accessibility, efficiency, and unique features, Coincrib is at the forefront of this revolution, offering a glimpse into the future of online shopping.
As cryptocurrency payments become increasingly common, consumers and merchants alike will benefit from the advantages of this innovative payment method. It’s an exciting time to take a look at the upcoming Presale starting on the 3rd of October at 00:00 (CET).
PreSale will allow raising funds to complete the MVP development in January 2024 and will have three Phases with different prices and placements. So, everybody can get some $CRIBs among its early adopters and see how Coincrib will lead the charge into this brave new world of e-commerce.
