BIZPAYE E-COMMERCE MARKETPLACE

PRELIMINARY

The term #ecommerce which can also be called internet (electronic) commerce can simply be explained as the purchasing or selling of merchandise through the internet and these transactions often require the exchange of data and money between both parties. There are various benefits of the e-commerce sector which includes; the ability to locate a product fast, getting a wide range of options from the comfort of your sofa, elimination of the cost of travel & time, ability to compare goods, lower costs and so much more.

The creation of digital assets is to serve as payment for individuals, corporate bodies, companies, merchants, retailers, and many other e-commerce sectors globally. However, the use of digital assets is a solution for countless issues that are encountered in conventional financial sectors. We all know that the transaction fees when using the blockchain technology are extremely low as compared to fiat (government issued currencies.) but its usage is still on the low side. This is because countless organizations, financial institutes, and many other e-commerce sectors are yet to adopt its usage. TRADE CRYPTO

INTRODUCING BIZPAYE MARKETPLACE

#bizpaye is a platform integrated with the blockchain technology for the sole purpose of creating an avenue where merchants and their customer can do business using #crypto. The BIZpaye e-commerce ecosystem is decentralized and secured, and they intend to give users the opportunity to become owners of digital assets by selling goods and they can easily spend their crypto wealth by purchasing real-world goods. Protocol

BIZPAYE TOKEN

#crypto is an innovation which operates on ethereum consensus, it uses the blockchain technology to execute all transactions. The smart contract enables BIZpaye marketplace to ensure transparency, security, accuracy and helps facilitates peer to peer transactions. Consensus

WHAT MAKES BIZPAYE DISTINCTIVE FROM OTHER E-COMMERCE MARKETPLACE

As a customer have you ever tried paying for goods and services online? As a customer have you tried binding your credit or debit cards with an online payment agency and wasn't successful? As a customer have you tried purchasing an item with cryptocurrency and there was no option for your mode of payment? As a vendor have you ever experienced a chargeback payment? I can go on and on about issues faced by both customers and vendors alike. Most cryptocurrency wallets support just one type of crypto asset, and those that support various crypto assets do not have the feature of exchanging crypto to fiat, fiat to crypto and crypto to crypto. Therefore, are not suitable for day-to-day online retail businesses. BUY CRYPTO

Most online stores sell in fiat currency, which makes purchase difficult for customers in a different country. For instance, a Nigerian who wish to buy goods or services from a United State online retail store, have to undergo a strenuous process to create a domiciliary account or may just have to ignore the purchase or services, which is a loss of a customer to the retail store. The good thing about #bizpaye is that all merchants who showcase their merchandise on the platform must accept #crypto as a mode of payment, there will be no case of fraud or chargeback payment because all transactions executed by the blockchain technology can't be reverted once confirmed. SWAP CRYPTO

CONCLUSION

With this new unique innovation brought about by the BIZpaye platform, I see the world in the near future going smartly cashless and eradicating fake (counterfeit) cash and the risk involved in carrying a bulk of cash publicly. With this opportunity to digitize the payment system in all parts of our day-to-day usage; life expectancy will be phlegmatic for #crypto holders. Merchants will be up and doing with the shopping business. SPEND CRYPTO