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E- Commerce market place Cash Pay brings ecommerce a step closer to Blockchain Technology through an open distributed ledger that records transactions between two parties in a decentralized manner that involves trust, faster transactions, no hidden costs, etc.
With its launch, the CashPay platform is going to start with the initial implementation of $CPZ , closely followed by CPZ Beta. The company is also going to launch country-specific ecommerce websites and smartphone apps. CashPay is basically a “marketplace for Direct Customers”, a king of payment gateway solutions, which uses Utility Token ($CPZ) or cryptocurrency to make transactions happen. Currently, the company is at a nascent stage but its products are futuristic—CashPay Shop, CashPay EZ (Payment Gateway) and CashPay Passport (Merchant Wallet). The company is betting on the multi-fold growth in the ecommerce market over the past few decades, which has shifted towards transactions done through cryptocurrency.
In the company’s words, “CashPay is the bridge. We have developed a fully functional ecommerce marketplace that serves as a shop where buyers can purchase a variety of goods by paying with cryptocurrency. In addition to the marketplace, we are working on a Payment Gateway that can be integrated on partner and existing ecommerce websites, allowing the consumers the option to pay through cryptocurrency.” The company will encourage online transactions with the use of CashPay tokens ($CPZ). Additionally, CashPay will also streamline the whole process of the transaction by making use of a Merchant Wallet that will be used like the current electronic wallets, with cryptocurrency in it, instead of bills. The company is on a mission to “fix the inability of the existing ecommerce to benefit from the multi-faceted world of Blockchain Technology.”
As of now, electronics, accessories, smart wearables, smartphones, video games, etc. are a part of the ecommerce platform that is powered by the $CPZ token. Strategic partnerships with top producers and brands are already underway that shall see a lot of big names become a part of this revolutionary Blockchain project. All the products are priced at a discount with the company guaranteeing the lowest market rates on every product – pitting themselves against the likes of e-commerce retail giants like Amazon, Flipkart as well as AliExpress.
Source- Press Release
Country- U.S
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