There are three sectors that will reap the most Buyaladdin benefits — online retailers, the cryptocurrency industry, and most of all, ABBC Coin users.
Since the live demonstration of Buyaladdin in New York last July 16, 2019, there has been a lot of media coverage and excitement regarding the new crypto shopping platform. As discussed by the Buyaladdin CTO Mr. Stanley Park, the platform is in the development phase, and it will be launched in October.
In the meantime, let’s take a moment to appreciate and analyze what kind of impact Buyaladdin will have on our society as a whole, and which areas it will have the most positive influence on. According to Blockchain Evangelist Mr. Matthew Hooper, former VP of Open Innovation at Barclays and head of Rise New York, the top five benefits of blockchain are the following — greater transparency, enhanced security, improved traceability, increased efficiency and speed, and lastly, reduced costs.
Buyaladdin Will Bring Business To Online Retailers
Buyaladdin brings business. Blockchain has many things to offer to e-commerce, but the most important one for retailers is the crypto-user consumers that Buyaladdin brings. Buyaladdin brings an entire user base to whichever shopping platforms it integrates. Be it Amazon, Rakuten, eBay, and more, these companies will benefit from the orders made through Buyaladdin. Believers in crypto will now have a platform to use the currencies they hold and establish an economy of commerce with crypto.
Mainstream Crypto Adoption
Many people only hear about cryptocurrencies when they hear news about Bitcoin. There is a serious lack of use cases for crypto that inhibits people from opting to try it out. With Buyaladdin, this will not be the case anymore. People will be able to do shopping with cryptocurrency.
With all the benefits that cryptocurrency offers, it has the potential to entice people to try holding coins or tokens. With the opportunity that our online crypto shopping platform gives, mainstream crypto adoption will stop being a pipe dream. Like our CTO Mr. Stanley Park says, it will open “a whole new world of online shopping.”
The Real Winners — ABBC Coin Users
The winners in Buyaladdin are the ABBC Coin Users. The app is being developed in a very user-centric manner. The developers are integrating more major retailers to reach a wide scope of options for users to shop on.
According to Mr. Jason Daniel Paul Philip, CEO of ABBC:
We have integrated more than 50 major retailers worldwide to offer you a wide variety of products with the highest quality.
These retailers include Amazon, eBay, Coupang, Rakuten, Allegro, and Lazada. Parallel to this, Buyaladdin aims to support a variety of cryptocurrencies on its payment system including Bitcoin, Ethereum, and ABBC Coin.
As the number of users increases, ABBC will also integrate more online shopping malls into our own, with the hope of becoming the leading e-commerce provider in the crypto world.