Posted 9 months ago | by Catoshi Nakamoto
Spending digital assets and buying goods/services has always been an almost impossible task, people say you can only use a crypto credit or debit card, you can’t actually use cryptocurrency itself because very few businesses accept it. However, that’s starting to slowly change. Today we are going to take a look at a project that aims to change that and they are doing so in a big way evolving the massive e-commerce shopping landscape!Read More
Lets get it!
Welcome to BitBoy Crypto. The largest crypto channel in all the interwebs. My name is Ben. Every day I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. Today, we are going to introduce the Bitsquad to Shopping.io in this paid promotional video.
So what is Shopping.io? As the name suggests it’s an e-commerce site, however, it’s not just any shopping site. Shopping.io offers evolutionary features that other shopping sites don’t have. Shopping.io was started and is operated by a group of veterans who have extensive business, marketing, eCommerce, and dropshipping experience. Led by CEO, Arbel Arif the company has only been around since September 2020. But the team itself is quite impressive and collectively they have made long strides with some top-tier killer partnerships in under a year which well discuss those a little later.
While we love crypto.com and other crypto debit and credit cards, the fact is crypto should be able to be spent just by itself from your wallet as Satoshi Nakamoto and the Cypherpunks intended with the Bitcoin whitepaper, peer to peer digital cash.
Although this is a paid promotional video, while my research team and I were looking into Shopping.io it became apparent they have a lot of exciting features they are building for e-commerce in the crypto space. Shopping.io offers its users a way to spend their cryptocurrency without having to apply for a crypto debit or credit card or purchase a gift card. You just choose your items you want to buy from exciting retailers like – Walmart, Ebay, Etsy and yes the big kahuna themselves Amazon. Then you select check out, pay for your purchases in the crypto of your choice that they support and bammo your order is on its way. Yes, it’s that easy to use…
Shopping.io boasts supporting over 200 cryptocurrencies including – Bitcoin, and Ethereum, and they are constantly adding more integrations and partnerships.
That brings me to one of the coolest features of this e-commerce site that should be highlighted. The ability to order from multiple retailers at once and then check out from one single account. To my knowledge that’s not offered anywhere else online for crypto or fiat payments. Honestly, it’s really a must have feature you won’t be able to live without and a big deal which makes shopping easier.
That’s not all though, a lot is coming this month for Shopping.io and we will get to those in a bit minute. But first lets discuss the tokenomics of Shopping.io’s two coins $SPI and $GSPI.
Holding SPI is treated as a rewards program within the ecosystem of Shopping.io. While, holding GSPI is treated as a governance token for the platform. In addition, in the future GSPI will be used for all business related activities like building a drop shipping business, opening your own e-commerce store and purchasing web domains on shopping.io. It’s important to note both GSPI and SPI never held an ICO, presale or had a team allocation of any tokens. This means both were launched fairly and democratically:
There are only 1,000,000 tokens in total, this makes SPI an easy moon shot. SPI is a utility token to be used on the Shopping.io platform. To that end they offer three different plans they are:
The Free Plan – No SPI required you get no additional discounts, but you do receive free Domestic U.S. shipping
The Dynamic Plan requires 1 SPI token at the time of this video. The Dynamic Scaling Plan of up to a 5% discount on shopping.io and Every SPI held counts towards additional discount rewards
and all order get free shipping domestic in the U.S. with no order limits.
Finally we have the VIP Plan which currently requires holding 1000 SPI. In this plan you get 10% discount on all orders on Shopping.io: Access to the VIP Telegram. Free domestic shipping in the U.S. No order limits and finally there is also free international shipping if you pay with SPI/GSPI for all plans. There are also Concierge Services coming soon.
It’s important to mention that SPI benefits stack. What does that mean? Allow me to explain, the packages aren’t stackable so you can’t stack a dynamic on top of a VIP package. But what you can do is stack VIP package (10%) with paying with SPI token (2%) giving a total of 12% or dynamic (5%) and if you pay with SPI (2%) = 7%. So the plan plus the payment of choice equals your total discount.
Next we have GSPI or the governance token of Shopping.io. Holding GSPI will allow you to vote on proposals created by the community and will also allow you to propose ideas, plans, or solutions that will be voted upon by the community to help guide the future of Shopping.io. GSPI is also one of the first governance tokens on the Binance Smart Chain. And GSPI will also be used in the future to pay for domains on the coming future Shopping.io domain sale website. GSPI and SPI benefits will be symbiotic in nature and will not interfere with either of their unique utility benefits.
So how does this all work? Funds from Customers wallets are sent to one of Shopping.io’s Payment processors, Shopping.io then turns funds into stablecoins. Vendors have already agreed to accept the payment. The payment is then sent to the vendor who ships the item to your house between a couple of days to a week. On the payment processor side of things, U.S. customers using Shopping.io will be exclusively utilizing Coinbase. While international users will have far more choices like Binance Pay, Crypto.com, Coinpayment, Utrust and all the tokens they are partner with which is a pretty impressive long list. A few notable coin partners include – VeChain, Shiba Inu (yes they accept dog money,), Elrond, Ultra, . Zilliqa, Avalanche and StormX.
As I mentioned earlier Shopping.io has a lot in its pipeline for August. Starting out the Shopping.io team will be launching version 2.0 of their platform as well as the second version of their staking application. You can actually view the beta version of Shopping.io by going to http://beta.shopping.io.
For a preview of the version 2.0 of their staking platform stake.spi.club take a look at this screenshot.
The team provided this road map showcasing they are remaining very busy this month.
The team also provided Bitboy Crypto with more information about some of the upcoming features that users have to look forward to that are still under development, these include: Shopping Auctions – $1 reserve auction of Laptops and PS5 etc. you will need to hold $SPI in order to participate.
Shopping Concierge – users will be able to buy anything with crypto like order pizza, movie tickets, Victoria secret, Costco , flight ticket etc. There will also be a 24/7 live chat. You will need to hold certain amount of $SPI or $GSPI to be eligible for this feature.
The Shopping Marketplace lets anyone open a store on Shopping.io and sell digital or physical goods. You will need to hold certain amount of $SPI or $GSPI in order to participate.
Next up is Shopping.io Business a drop shipping platform (an extension of Shopping.io) that is driven by the sales of businesses purchasing on the Shopping.io Business platform. Businesses will have access to dropship through the Amazon integration with the requirement of buying items in bulk. Each transaction on the platform will incur a $0.30 service fee. Just like Shopping.io, Shopping.io Business will offer discounted packages to its clients with to be announced requirements in GSPI.
Shopping.io is accepting registrations for the Shopping.io you can sign up at – business.shopping.io
Thanks again to Shopping.io for sponsoring this video and supporting the channel. Make sure to go check them out in the video description below! But that’s all I got.
Be blessed. Bitboy out!