There is no industry in the world today that doesn’t have challenges. From the electronics industry and down to the supply chain industry, there are potential problems that can make transactions therein a hassle.
The same scenario plays out in the Electronic Commerce (e-commerce) industry. Because most of the transactions are facilitated online, it tends to create a feeling of insecurity and lack of trust among the participants.
The other party will be having a feeling that the other party isn’t to be trusted and may make away with the funds. Such is the current scenario, but things are about to get better thanks to Largo.
WHAT IS LARGO?
Largo is a Decentralized Finance (DeFi) platform that aims at pushing farther the awesomeness of the DeFi industry by enabling peer transactions. Also, the platform aims at ensuring that the users and the participants in each of the use cases are in a better position to take control of the activities therein.
That is not leaving out the fact that it wants to restore the confidence that has since been lost in the global retail trade industry.
THE LARGO TOUCH
The Largo Touch herein implies the variety of solutions that the broader Largo Coin ecosystem has in place to ensure that retail transactions are improved by using decentralized and more robust structures.
Here are some of the ways that Largo is pushing for the all-around decentralization of the e-commerce industry.
Cryptocurrency Payments
As cryptographic currencies (cryptocurrencies) continue to make waves, there are more useful and applicable cases where the currencies can be used.
The first thing that Largo does is to enable cryptocurrency payments so buyers can now make payments using digital assets, also called cryptocurrencies.
Besides, the cryptocurrency-based payment system can be trusted and preferred over the traditional paper money/fiat currencies because the former doesn’t pass through centralized authorities.Decentralized Escrow Service
Largo also creates a system where the traditional escrow service will now be decentralized and manned by the broader Largo ecosystem.
The idea here is to ensure that the funds sent by the buyers to the sellers will be held by the Largo escrow provider pending when the seller fulfils the order for the products the buyers ordered for.Transparency
Transparency is at the core of the features that Largo has to offer to e-commerce participants. With the decentralized structure and blockchain backing, you are confident that the platform will be the rallying ground for buyers and sellers who want their transactions to be transparent.
THE ECOMMERCE INDUSTRY GOING FORWARD
The global Electronic Commerce (Ecommerce) industry has been waiting for this push all along. It is a push that will usher it into another realm of affairs where decentralization, speed of transactions, and liquidity will be the order of the day.
Those and many others are part of what you stand to benefit as an e-commerce player on the broader Largo ecosystem where decentralization, cryptocurrency payments, and trust is taken seriously.
USEFUL LINKS
Website: https://largocoin.io/
Whitepaper: https://largocoin.io/wp-content/uploads/2019/06/WP-v4-converted.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5200762
Telegram: https://t.me/largocoin_chat
Twitter: https://twitter.com/largocoin
Facebook: https://www.facebook.com/LargoCoinPublic
Medium: https://medium.com/@largocoin
Reddit: https://www.reddit.com/r/largocoin/
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary