CashPay: Bringing the world of blockchain closer to the consumer
The world of online commerce is improving every single day for better customer experience and smooth transactions. While e-commerce is the first element, Blockchain technology is the second. Enter CashPay, a brand that will bring both e-commerce and blockchain in one frame to make the entire process easier, faster, and safer. CashPay will bring e-commerce closer to Blockchain technology through an open distributed ledger.
Country-specific e-commerce websites and smartphone apps will be launched
The ledger records transactions between two parties in a decentralized manner that involves trust, faster transactions, no hidden costs, etc. With its launch in 2021, the CashPay platform is going to start with the initial implementation of $CPZ (token), closely followed by CPZ Beta. The company is also going to launch country-specific e-commerce websites and smartphone apps.
Global retail e-commerce sales to touch about $5 trillion
By the end of 2021, the global retail e-commerce sales are going to touch about $5 trillion and in another two decades, almost 95% of the world's shoppers will be using the online marketplace. CashPay is the bridge that shall connect consumers with businesses.
A multi-fold online market with payment gateway
CashPay Group is a combination of CashPay Shop (Online Marketplace), CashPay EZ (Payment Gateway), and CashPay Passport (Merchant Wallet). It aims to divert the shift toward transactions done through cryptocurrency with CashPay token ($CPZ) leading the foray. Under the leadership of Araash Medhi as the CEO, CashPay plans to fix the inability of existing e-commerce to benefit from the multi-faceted world of blockchain technology.
A win-win situation for everyone
"When I was introduced to the world of blockchain, I realized the tremendous potential it has if connected in the right way with e-commerce. At CashPay, our motive is to help consumers, producers, and businesses save time, money and to guarantee their safety," Medhi said.
CashPay tokens to change the way we shop online
The CashPay token ($CPZ) will power the CashPay ecosystem. The company will encourage online transactions with the use of tokens. The consumers will be incentivized with attractive offers on premium products when purchased with tokens. It will also streamline the process of transaction by use of Merchant Wallet. It will be used as a current electronic wallet, with cryptocurrency in it, instead of bills.
What else is in the pipeline for CashPay?
CashPay Group plans to introduce a wide range of products. As of now, electronics, accessories, smart wearables, etc., are part of the e-commerce shop that is powered by the $CPZ token. Strategic partnerships with top producers and brands are also underway. CashPay 'SuperStores' that would serve as retail stores and outlets to facilitate off-line commerce through cryptocurrency will add another dimension to the project.
