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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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U.S. Homeland Security Signs $1.36M Contract with Coinbase

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In brief

Coinbase will provide the Immigrations and Customs Enforcement branch with blockchain analytics software.
The crypto exchange has also provided software to the U.S. Secret Service and Inland Revenue.

The Immigration and Customs Enforcement branch of the U.S. Homeland Security has given a $1.36 million contract to crypto exchange giant Coinbase for “business application” and “application development software”, according to the Federal Procurement Data System.

The new deal is Coinbase’s largest federal contract yet. The deal was signed on Thursday and is worth around forty times more than Coinbase’s last contract with the Homeland Security branch. 

Back on August 9 this year, the ICE paid Coinbase $29,000 for forensics software. According to a document dated August 3, the contract was given to Coinbase on the basis that the company is “the only vendor who can reasonably provide the services required by the agency.”

Details as to exactly what the ICE wants Coinbase software for are scarce. The same document later states, “This requirement is LAW ENFORCEMENT SENITIVE[sic], therefore minimal information will be provided publicly.”

ICE is not the first government agency to request Coinbase’s services. Last year, Coinbase announced its desire to sell analytics tools to two U.S. government branches: the Drug Enforcement Agency and the Inland Revenue Service. 

The IRS said that it could use several analytics tools to help catch blockchain-savvy tax dodgers, including “Coinbase Analytics”, formerly known as Neutrino. Coinbase acquired Neutrino back in 2019 for $13.5 million.

It was a controversial acquisition at the time since Neutrino members had been linked to an Italian organization called Hacking Team, which sold spyware to authoritarian regimes in Saudi Arabia, Sudan and Venezuela.

Coinbase CEO Brian Armstrong later expressed his regret towards the purchase and sacked the more dubious members of the team. Coinbase later sourced analytics software deals with both the Secret Service and the IRS

Coinbase is now inking million-dollar deals with the federal government. Move over Chainalysis: the U.S. government may have a new favorite blockchain company.

Source: https://decrypt.co/81263/u-s-homeland-security-signs-1-36m-contract-with-coinbase

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Solana’s DeFi Projects are Raising Millions of Dollars

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Solana may be up 122% in the past month, but its rise has begun to slow down. As the blockchain secures its place in the top 10 by market cap, investors in the nascent low fee, high-speed blockchain are turning their attention to something else: Solana’s decentralized finance protocols.

In the past week, investment in some Solana-based DeFi protocols came so thick and fast that the blockchain couldn’t handle all the attention. Solana crashed for 17 hours on Tuesday after bots rushed to invest in a token sale for Grape Protocol. 

But what are these new projects, how much have they raised, and who’s funding them? We take a look: here’s our roundup of some of the biggest protocols that are capping off a heady and hot Solana Summer, and a glance at those yet to come. 

Big IDOs

First is Grape Protocol, the culprit of the outage, which despite all the upset raised only $600,000 during its public raise on Raydium’s “Acceleraytor”. 

Grape Network hooks up to platforms like Discord, Telegram and (soon) Twitter to help decentralized communities coordinate over Solana and reward their members with cryptocurrencies. It’s all powered by the protocol’s token, GRAPE.

Next up is Parrot Protocol, which raised $69 million in an Initial DEX Offering from investors including Sino Global Capital, Alameda Research, and QTUM VC. Parrot’s a non-custodial lending platform and decentralized exchange—similar to the Maker protocol on Ethereum.

Parrot’s partly backed by PAI, an algorithmic stablecoin. In its IDO, however, Parrot sold a governance token called PRT. It’ll allow investors to vote on how the protocol is run and farm for yields on Solana without taking money out of yield farms on other Layer 1 blockchains

Parrot’s IDO slowed to a halt due to Solana’s outage but all was wrapped up by September 16. In a “Letter from the Parrot” this morning, the team said it’ll commence work on PRT staking, NFTs and adjustable interest rates. 

Many more projects are set to launch within the next few days on Solana launchpads like Solanium, Boca Chica, and Solstarter. Today, the sale for whitelisted users for MatrixETF, a decentralized ETF platform, began on Solanium. 

On September 16, a lending protocol called Larix launched on Solana. From September 15 through September 17, the total value locked in Larix rocketed from $1.7 million to $119 million. Solana, Huobi Global and Polygon are among investors.

Flippies, a sold-out NFT penguin collection, also launched on Solanium and will be distributed on September 21. Contrastive, a generative AI art series on the Solana blockchain is set to launch in two days

With the breakneck speed at which Solana continues to grow, the network’s ability to sustain all these diverse projects will be a good way to determine their success.

Source: https://decrypt.co/81262/solanas-defi-projects-are-raising-millions-of-dollars

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Maxim Magazine Launches NFT Marketplace With xSigma

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A partnership between Maxim and xSigma has birthed a new non-fungible token (NFT) marketplace. 

Sponsored
Sponsored

MaximNFT is a new platform launched from a partnership between xSigma and Maxim Magazine. The marketplace is said to grant exclusive access to Maxim’s NFT collections. xSigma, a blockchain R&D laboratory, is a subsidiary of ZK International (Nasdaq: ZKIN). The lab has been developing its own DeFi, NFT, and stablecoin based products. Meanwhile, Maxim magazine is celebrating 25 years in the business and is now available in 75 countries across the globe. The magazine is geared towards younger men and focuses on cars, fashion, lifestyle, and women. It is considered the “safe for work” version of magazines like Playboy. Previous cover models include Angelina Jolie, Christina Aguilera, and Megan Fox. 

The goal of the NFT marketplace is to combine the clout that Maxim’s brand name has with the research and development capabilities of xSigma’s lab. The MaximNFT marketplace will give users the option to buy, sell and mint NFTs that utilize multiple blockchains including Ethereum, Polkadot, and the Binance Smart Chain. 

Sponsored
Sponsored

Using the power of its 10 million monthly readers, MaximNFT is looking to attract a large base of creators and traders via print, social media, and digital publishing efforts. Behind the scenes, xSigma will be adding in features to include “NFT tokenization,” which will allow traders to sell fractional ownership of their NFTs. This will allow for these unique assets to be broken apart and shared with the cryptocurrency community in what the MaximNFT hopes will be a step to change the industry. 

Maxim NFTs will focus on sports and pop culture

Maxim plans to focus its attention on “sports and celebrities’ collectibles, as well as gaming content.” So far, just one of these collaborations has been confirmed. In a post to Twitter on Sept. 2, MaximNFT announced it had teamed up with former NBA star Michael Beasley. In a post on Instagram, Beasley confirmed that his NFTs will be sold exclusively on MaximNFT starting in November. Unless something else happens first, they will become the first NFTs sold on the platform. 

The press release also stated that the company is confident the rise of gaming and the incorporation of NFTs in the metaverse will continue to grow. MaximNFT also plans to combine the NFT’s minted with AR and VR technology. 

The announcement states that MaximNFT will be going live in Q4 2021 with “a series of NFTs from celebrities, athletes, and brands.”

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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Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

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Source: https://beincrypto.com/maxim-launches-nft-marketplace-with-xsigma/

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