After the introduction and launching of Bitcoin (BTC) in 2009, it has changed the way we transact. With the significant presence of e-commerce in our technological world, many individuals now demand cryptocurrency payment processors. Although third-party applications have tried to bridge the gap, it has been extremely difficult for most merchants to adopt the online crypto payments due to the unavailability of dedicated crypto e-commerce infrastructure. But that is about to change with the Chimpion platform. Chimpion offers merchants with a simple yet advanced cryptocurrency payment system which comes with a settlement backend and custom e-commerce. Through Chimpion’s groundbreaking technology, merchants can accept cryptocurrency payment via the internet and at the same time launch a complete feature of e-commerce storefronts. Asides this, it gives stakeholders the option to set their preferred coin as the base currency denomination. With a dedicated wallet and a built-in incentive program, Chimpion serves as the bridge that connects the businesses to the world of digital commerce.
Banana Token (BNANA) powers the e-commerce ecosystem and merchant storefronts of Chimpion exchange. The shoppers can use the token as a payment currency and as bounty incentive to committed merchants. Also, individuals can earn BNANA from Chimpion merchants by making a purchase. Merchants can gain unfettered access to Chimpion’s advanced crypto e-commerce platform without paying or signing up for a monthly subscription. Chimpion’s crypto e-commerce platform incorporates the features of popular e-commerce platforms like WooCommerce and Shopify with the convenience offered by payment processors such as Stripe. Like Stripe, Chimpion also functions as a checkout method and payment processing system. Unlike with BitPay and Coinbase, Know Your Customer (KYC) processes are not essential, as merchants have the freedom to choose between settling their funds in cryptocurrency or opt for their preferred stablecoin. The stablecoin supported on this platform includes; USDC, TUSD, USDT, PAX, and GUSD.
Chimpion offers several benefits to the merchant, customer and the cryptocurrency core team in general. For the merchant, it helps to improve search engine optimization (SEO), access customers who are managing and actively trading cryptocurrency and helps to avoid chargeback fraud. For the customer, they earn BNANA tokens through loyalty, access exclusive dealers worldwide, and capitalize on high yields by buying real products rather than the expense and hassle involved in selling coins for Bitcoin. For the cryptocurrency core team, the platform increases the value, liquidity, and usability of a coin through crypto e-commerce thereby leading to wide adoption. There are plans to incorporate additional features and functions into the platform. Some of the plans are as follows; the migration of data vault from Amazon EC2 to the blockchain of the platform, the addition of plugins for Amazon import, eBay migration, and inventory control, all developed by Shopping Cart Elite and many more.
In conclusion, Chimpion’s vision is to empower consumers and businesses to function effectively in the blockchain-enabled global economy. By making it easy to transact sales with cryptocurrency, businesses can now exploit the benefits of selling with cryptocurrency. Crypto e-commerce enables merchants to avoid long delays and high payment processing fees associated with conventional e-commerce.
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Author - Coltpython