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Exeno Is Shaping the E-Commerce Evolution

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A few decades ago, if someone said that there will come a time where people can buy items from the comfort of their home, with a currency that has no physical form, they would have been laughed at.

Today, we have exactly that with the development of the e-commerce industry and the ability to use cryptocurrencies to purchase goods and services.

From the devout belief that “cash is king” to the innovation of cryptocurrencies and e-commerce platforms — the way we spend our money is evolving.

Cryptocurrencies and e-commerce platforms have been met with major distrust over recent years. While this could be chalked down to a lack of understanding, among other things, the COVID-19 pandemic has converted some non-believers and borderline forced people to make peace with online shopping.

Whether you embrace the new age of purchasing goods and services or not, online shopping is undeniably more convenient, stress-free, and slightly more dangerous for our wallets. While impulse buying may be less than what it would be in a physical store, the convenience of it is both a blessing and a curse to a budget.

Exeno: A global e-commerce pioneer

Exeno is an online store that ships products worldwide. From electronics and fashion to home and garden, among many other categories, Exeno is catering to the various needs of its global customer base.

What sets Exeno apart from other e-commerce platforms is the fact that it is pioneering a shift in the way people purchase products online. Shoppers are able to pay in real-time for selected products in various cryptocurrencies with no fiat conversions. These include bitcoin (BTC), ethereum (ETH), and bitcoin vault (BTCV).

Exeno has removed the inconvenient process of exchanging cryptocurrency to fiat. Shoppers are able to go about their usual routine but with a whole new payment process.

Blockchain technology allows cryptocurrency payments to be made within a few minutes. With fiat currency, the transaction time can vary, especially with international transfers. Cryptocurrency payments aren’t affected by location or timezone. Decentralized data storage means cryptocurrency payments are extremely secure and do not face being blocked by a bank or government. Additionally, there is no chance of accidentally transferring cryptocurrency to the wrong institution.

Exeno has partnered with Kanga Exchange, a platform that is accessible to investors, creators, brokers, and anyone else active in the cryptocurrency market. The core focus of this project is to deliver a transaction processing method for currencies other than traditional fiat currency. Kanga Exchange is a crypto-asset exchange that is suited for project tokens, real estate, and personal tokens.

Exeno also has established reltionships with major global suppliers and representatives of industry-leading brands, including Samsung, Apple, Huawei, JBL, Mi, OPPO, and more.

When it comes to online shopping, the most important thing people worry about is security.

Exeno ensures the payment experience is incredibly secure. When signing up or registering to the store, private and secure wallets for BTC, ETH, and BTCV deposits and withdrawals are assigned to the account. Once a balance has been topped up, cryptocurrency can then be used to pay immediately for products. The balance top-up can amount to any number, according to Exeno.

The registration process is also simple and easy to navigate and no additional know your customer (KYC) procedure is required. To register, however, shoppers need to have the Google Authenticator app to use their phone to scan a QR code within the registration form. The form is completed by entering the code generated in the application.

Exeno offers a variety of account security features starting with SSL, through two-factor authentication, and various notification settings. Exeno assures that security options are regularly updated and those in place already, are regularly improved on.

Customers are also able to withdraw funds from their wallet at any time. This can then be sent to any address given by the customer.

Exeno is catering to a demand in the e-commerce space that may be the normal way to process online payments in the not-so-distant future.

The payment process

Shoppers on Exeno will incur a transaction fee of 1.8% per shopping cart. In partnership with Kanga Exchange, Exeno has developed a solution that allows customers to settle or pay for their products via cryptocurrency transactions in real-time.

Customers are essentially able to check the balance of their funds, purchase products, and withdraw from their store wallet. The price of a product depends on the current cryptocurrency exchange rate of BTC, ETH, and BTCV at that particular moment.

However, when a purchase is made, the immediacy of the payment solution means a person will never incur an unexpected additional cost. The payment process is entirely transparent and seamless and does not request any unnecessary steps or inputs from the buyer, Exeno explains.

Price of goods on the website:

  • Are given in the cryptocurrencies compatible with Exeno (BTC, ETH, BTCV)
  • Are inclusive of VAT where applicable at the legally binding rate
  • Are inclusive of the payment operator’s fee which is an additional 1.8% already added to each purchase operation for the coin transaction. This charge is non-refundable and made directly to the payment operator for facilitating the coin transaction.

From Europe, to the world

Based in Poland, Exeno ships worldwide with its partnered shipping companies. These include TNT, FedEx, and DPD.

Customers are always in the loop with regards to their order, the tracking number, and its shipping date. Once an order has been accepted and processed, the turnaround time for an item to be shipped is up to 72 hours.

The only limit here, for security reasons, is that a single purchase cannot exceed $10,000.

Cryptocurerncies, e-commerce and the future

Over time, the scope of cryptocurrencies has increased exponentially. This is especially true for Exeno and the ability to purchase items using three cryptocurrencies.

In the future, we may see the complete removal of traditional currencies as a payment method for online shopping. As the cryptocurrency industry continues to change and evolve, it’s only natural that the way we transact will too.

The only constant with the crypto world is that it is permanently changing. The way individuals hold funds is evolving at an exponential rate.

Things to know about the Exeno

Unlike most online stores, you cannot return an item unless it is defective. Refunds will not be given on an item that has been bought using cryptocurrency. No refunds will be given if a purchase is canceled or withdrawn. Compensation for damaged products will also not be given. Exeno explains that this is due to the fact that product prices depend on the exchange rate fluctuation in the financial market. This is obviously something Exeno has no control over. Products that are returned to Exeno will be exchanged for a new item. This process needs to be done through customer support.

Products come directly from the manufacturers and official distribution networks. It is of the utmost importance to check the product specification meticulously before making a purchase. Exeno advises shoppers to make thoughtful purchasing decisions to take full advantage of the online store’s potential.

Below are the two scenarios that an item can be returned:
  1. If a courier company delivered a damaged package: open the package in the presence of the courier and check the contents carefully. If the content is damaged, fill in the damage protocol in the presence of the courier on the official shipping company delivering the order letterhead and take the original report with you (describe the fault/damage in detail in the protocol). In the next step, log into your Exeno.com profile and contact our Customer Support. Their consultants will determine the return procedure with you and send you the necessary documents.
  2. If the device ordered does not work: log into your Exeno.com profile and contact our Customer Support. Our consultants will set the procedure for replacing the device with a new one with you, and send you the necessary documents.

Setting a new precedent

What Exeno has done, by allowing people to purchase certain items using cryptocurrencies, is set an entirely new standard for the e-commerce industry.

People want to have options, they want to be able to pick and choose their payment methods. With EFTs and direct bank payments, e-wallets, and so on, we were given options. Now, the demand for the type of currency we pay in needs to be more than just fiat currencies.

Creating this payment option, with a transaction fee of 1.8%, means Exeno is catering to an evolving audience. They have recognized a gap in the market and have filled it.

As people continue to change, the natural progression of our behaviors on a wide scale, will too. The ingenuity of this payment option is something other e-commerce platforms may consider adopting in the future.

With all revolutionary technological developments, though, it takes time for people to adapt to change. Hopefully, there will not be as much pushback as there has been historically from people who are unfamiliar with the crypto industry.

For more information please visit Exeno.com.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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I have two degrees in Corporate and Business Communication and have over three years of work experience as a content writer, covering topics from tech to travel and hard news. I have always been curious about crypto and let that progress into full-time fascination as Commercial Content Editor at BIC. I am also a plant-eater, book worm and cat mom!

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Source: https://beincrypto.com/exeno-is-shaping-the-e-commerce-evolution/

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How Archer Swap Has Helped End Ethereum’s Bidding War

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Most DeFi users have heard of Ethereum’s high congestion issues, but few are aware of the controlling forces operating behind the scenes, and how badly they can be impacted by this single problem. When traders send a regular transaction via the Ethereum network, it is susceptible to attacks from bots or front-running software run by entities seeking to profit from trader activity.

Ethereum’s ecosystem is perhaps amongst the fastest growing in the crypto space. Thus, there are already many solutions that tackle this issue and operate for the benefit of the users and decentralized exchange (DEX) traders. Most of them have gone under the radar.

Archer Swap is part of the Archer DAO, a project with features designed to mitigate the risks associated with sending transactions on Ethereum. It protects users from Miner Extractable Value (MEV) strategies, sandwich attacks, and front-running bots while maintaining a connection with Uniswap and SushiSwap, two of the most popular DEXs on Ethereum.

In this sense, Archer Swap can be described as a DEX extension that enhances the trader experience on these dApps. This protocol combines two powerful sets of features that give traders improved operations on Ethereum – protecting them and making trades more cost-efficient.

The first set of benefits are called Archer MEV Shield. Besides protecting transactions from bot attacks, it allows users to eliminate failed transaction fees, a recurring problem on Ethereum. Traders can also cancel transactions at no additional cost.

The second feature is called Archer Trader Extractable Value (TEV), a proprietary and innovative concept introduced by Archer Swap. Operating within the Archer Relay, Archer TEV uses automated rebalancing transactions with bots to sync market prices when big market moves occur.

After a trade or a big swap, there is usually an arbitrage opportunity in a market. Archer TEV uses these opportunities to capture the value and redistribute it to Archer Swap users. In essence, Archer TEV takes revenue generated by Archer Swap and gives it back to one of the protocol’s core components, the traders.

Archer Swap Launches Campaign To Reward Traders

Following a community vote, Archer DAO recently launched a 6-week campaign to buy back and distribute its native token ARCH. In this way, the protocol can reward early adopters. The tokens will be acquired with the revenue generated by Archer TEV.

The protocol won’t have to touch its treasury reserves to attract new users to the platform. The protocol and the users will benefit – as more users trade on Archer Swap, the campaign will have more resources to acquire and distribute ARCH. Therefore, the token will most likely see an increase in buying pressure during the coming weeks, and the platform will see a surge in the number of users.

Archer DAO will distribute rewards every Friday from June 11th to July 16th, 2021. The platform will calculate rewards for each user based on their transacted volume for each week. The rewards will be delivered automatically and with basically 0 risk for the users, all they need to do is trade.

Archer Swap has had famous trades. In May, during the high of the dog meme coins, the inventor of Ethereum, Vitalik Buterin, used Archer Swap to dump his supply of Shiba Inu (SHIB), AKITA, MIRI, ELON, and others into the market.

The dump served a good cause, as Vitalik used this money to send over $1 billion to different charity organizations. The most notable is the Covid-19 relief campaign for India started by Polygon’s co-founder, Sandeep Nailwal. This trade could be among the most famous in 2021 and was enabled by a protocol whose main objective is to shield its users and give them back the power to operate safely within the Ethereum dark forest.

Source: https://bitcoinist.com/how-archer-swap-has-helped-end-ethereums-bidding-war/?utm_source=rss&utm_medium=rss&utm_campaign=how-archer-swap-has-helped-end-ethereums-bidding-war

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Crypto Crash Trends On Twitter As Bitcoin Falls Below $30,000

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Twitter has gone into a frenzy after bitcoin fell below $30,000 this morning. The hashtag #cryptocrash is currently trending on the platform. This is after the coin broke the $30,000 stronghold and fell below it. A price that has been a stronghold for bitcoin for a while now. Speculations were that as long as the asset didn’t fall below $30,000, then there would be a recovery.

Related Reading | Galaxy Digital CEO: Bitcoin Dips Should Be Bought Despite BitMEX News

Bitcoin has been in a downtrend for a couple of days now. News of mining rigs closing down in China pushing the price even further down. Falling below $30,000 means bitcoin is about to erase its gains for 2021. The coin was trading at $29,001 n December 2020. Only breaking the $30,000 barrier in 2021. Now bitcoin is trading at only 3% gains for the year 2021.

Bear Market Trends

Richard Bernstein was on Trading Nation two weeks ago to talk about the trends in bitcoin. The CEO called bitcoin a bubble. He pointed out that bitcoin was currently in a bull market. Noting that people were leaving the markets that were actually in a bull market behind.

Chart showing bitcoin crash below $30,000

Bitcoin crashes below $30,000 before recovering back up to $32,000 | Source: BTCUSD on TradingView.com

Bitcoin has been struggling for the past two months. This was after the coin finally hit the all-time high of $64k in April. There was a lot of speculation that the coin was headed for $100k. But it seems the asset had other plans.

Analysts have compared this to the 2018 crash. When bitcoin hit a new ATH of nearly $20k and then proceeded to lose 80% of its value. At one point trading at a little over $3k.

There Is Still Hope For Bitcoin

Mike Novogratz was on CNBC earlier to talk about the price drop below $30,000. Novogratz said that while he was less happy than he was at $60,000, he still hopeful about the coin.

Novogratz further explained that calling a bottom on the crash is hard to do. This he attributed to the large liquidations currently taking place across a number of assets.

With regards to the $30,000 price level, Novogratz said, “We’ll see if it holds on the day. We might plunge below it for a while and close above it.”

Related Reading | Over 3 Metric Tons Of Bitcoin Mining Rigs Airlifted Out Of China

The co-founder of Galaxy Digital noted that he wasn’t worried about the price crash. Explaining that he does not expect another crash of the 2017 magnitude to occur again. This he chalked up to the maturity of the ecosystem. Pointing out that much more mature players are now moving into the system.

“Every single bank is working on their own crypto project, how they can get bitcoin to their wealthy clients. I think a lot of clients that didn’t buy it the first time will see this as an opportunity to buy it and get involved.

– Mike Novogratz, CEO of Galaxy Digital

Twitter users have taken to the platform to express their opinions on the current market movements. There are countless tweets asking people to not panic. That the market is going to recover. And right now, it is starting to look like they’re right as the market has gone back into the green. Bitcoin is currently back up to $32k, after a dramatic price drop below $30k.

Featured image from Forbes, chart from TradingView.com

Source: https://bitcoinist.com/crypto-crash-trends-on-twitter-as-bitcoin-falls-below-30000/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-crash-trends-on-twitter-as-bitcoin-falls-below-30000

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Asia Broadband Forays into Crypto with Gold-backed Token and Exchange

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Asset-backed tokens have long offered significant promise to transform the world of finance and investing. 24/7 trading, instant settlement, and fractionalization are just a few of the benefits offered when assets are recreated as cryptocurrencies on a blockchain. From the perspective of the cryptocurrency investor, tokens backed by real-world assets may also offer an opportunity to hedge a portfolio against some of crypto’s notorious volatility, which has once again been in evidence over recent weeks.

The traditional hedging instrument of choice, gold, is ripe for tokenization. Owning physical gold comes with issues such as storage and security, not to mention that it’s a relatively illiquid asset. Instruments such as ETFs may not offer the same direct exposure to gold prices. In contrast, gold-backed tokens are directly linked to gold prices and provide a fast and easy way to buy and sell gold, introducing new liquidity to the markets.

Over recent years, several firms have attempted to launch a version of tokenized gold; however, there has been an absence of operators from within the gold sector itself. Now, Asia Broadband, Inc. (OTC: AABB), a resource company focused on the production, supply, and sale of precious and base metals, has released its own gold-backed token.

For the 25-year-old US firm, it’s the first foray into the world of digital assets. And for the cryptocurrency space, it’s the first time an established player has emerged with a vertically integrated “Mine-to-Token” concept.

About Asia Broadband and AABBG

Asia Broadband was established in 1996, producing and supplying precious and base metals from Mexico to clients based in Asia. It’s now a US-listed company, delivering value to shareholders through its vertical integration approach to its value chain. In 2020, the company achieved an all-time high annual gross profit of $16.8 million, and over $100 million in assets for its first quarter of 2021.

The shift into cryptocurrency has come about thanks to the direction of the company’s president, CEO, COO, and Director, Chris Torres. Despite being a long-established business and finance leader, he has an aptitude for technology and possesses extensive knowledge of cryptocurrency investing. As a result, Asia Broadband has now released the AABB Gold (AABBG) token.

The company believes there’s a significant market for investors interested in owning cryptocurrencies as a digital store of value but who are likely to be put off by the inherent volatility in the crypto markets.

AABBG is backed by the gold mines owned and operated by Asia Broadband, along with $30 million in physical gold reserves. The company has made a public pledge to back 100% AABBG by gold reserves, supplied uniquely by its own mining operations, with third-party sources used only as a backup.

This vertically integrated “mine-to-token” concept is completely unique. Investors can benefit from knowing that they’re dealing with an established, US-listed firm and gain exposure to gold without any of the existing challenges.

Price and Demand

The minimum token price is pegged to the current spot price of gold, which means the token benefits from the lower volatility of gold relative to the cryptocurrency space, offering a sense of stability. Given fears of devalued fiat currencies, the bull case for gold remains intact, and AABBG could also rise as a function of increasing gold prices. As the price of gold fluctuates, the floor for AABBG tokens can change, but the potential upside price of the token will be driven by market demand.

It’s also worth noting that Asia Broadband’s experience and network in the gold sector also offer significant potential to drive demand. As the company has put extensive focus on the vertical integration of its own sales network in Asia, these global relationships provide the potential for cross-selling and deeper liquidity.

AABBG launched in March and, within two weeks, had sold $1 million worth of tokens. It’s now developing a proprietary exchange to allow AABBG holders to trade their tokens for various cryptocurrencies.

The entry of established professional firms to the asset-backed token sector could be just what it needs to get kick-started. With industry expertise, global networks in the business, and innovative business models, it’s evident that they’d have plenty to bring to the table.

Image by Daniel Dino-Slofer from Pixabay

Source: https://bitcoinist.com/asia-broadband-forays-into-crypto-with-gold-backed-token-and-exchange/?utm_source=rss&utm_medium=rss&utm_campaign=asia-broadband-forays-into-crypto-with-gold-backed-token-and-exchange

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