Fantom integrates with Shopping.io to enable online retail
SYDNEY, Jan. 18, 2022 (GLOBE NEWSWIRE) — The Fantom Foundation, one of the fastest growing layer-1 blockchain platforms, today announced its integration with crypto e-commerce platform, Shopping. io, to enable online shoppers to make online purchases from major retailers using Fantom’s native FTM token. Starting today, FTM holders can use their tokens on Shopping.io to purchase items from a selection of popular retailers, including Amazon, Home Depot, eBay, and Walmart.
The combination of economic inflation, non-fungible token growth, and metaverse intrigue has fueled interest in cryptocurrency over the past year, culminating in the number of crypto holders in the world exceeding 300 million. Along with the growing interest in crypto, the prospect of retail purchases with cryptocurrency has also arisen. According to a recent study by Cantaloupe, 67% of crypto owners would consider using it for purchases. Such interest prompted Airbnb CEO Brian Chesky to position crypto payment authorization as his number one goal for 2022, leveraging their service to purchase Airbnb gift cards with cryptocurrencies.
Today, 46 million crypto holders plan to make purchases using their digital assets, and 42 million non-owners plan to buy cryptocurrency to make purchases in the future. Despite the interest, however, more than 50% of crypto owners say there aren’t enough merchants accepting crypto, according to PYMNTS. Through integration with Shopping.io, Fantom hopes to allow FTM holders to easily transact at popular online retailers.
“At its core, Fantom strives to strengthen the entirety of decentralized finance and the broader cryptocurrency economy,” said Fantom CEO Michael Kong. “Tangible utility, like online retail, is a major step in that direction. We’re excited to integrate with Shopping.io to deliver simple, user-friendly shopping features.
As per the integration, FTM holders will be able to purchase everyday items using digital assets. This move signifies concerted action to facilitate mainstream crypto adoption. At this point, Shopping.io is the only international crypto launchpad for users to spend cryptocurrencies on e-commerce websites.
“Fantom is one of the most reputable and exciting platforms in the space, so we couldn’t be more excited to offer this integration,” added the Founder and CEO of Shopping.io. , Arbel Arif. “Thanks to their strong community support, we strongly believe this is a big step forward in the adoption and evolution of crypto.”
The integration with Shopping.io follows Fantom’s recent integration with open source oracle provider, DIA, to provide data feeds to DeFi developers within the Fantom ecosystem. The integration aims to empower the development of a variety of use cases, including stablecoins, staking rewards, lending and borrowing, DEXs and more.
To learn more about the Fantom Foundation Incentives Program, please visit: https://fantom.founation.
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Fantom is a fast, scalable and secure Layer 1 EVM compatible platform based on permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in about a second and cost on average a penny. The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use cases. To learn more, visit the Fantom Foundation website or Twitter.
Shopping.io is the bridge between crypto and e-commerce as the leading international crypto e-commerce integration and fulfillment service.
Shopping.io is the only business in the crypto space that lets you shop from major e-commerce hubs like Amazon, eBay, Walmart, and HomeDepot, globally with the ability to choose from hundreds different tokens. We also have two native tokens, $SPI which unlocks benefits for its holders, such as discounts and free international shipping and $GSPI which unlocks our business plan for drop shippers and businesses, allowing discounts on various purchases .
Shopping.io believes in the power of absolute freedom in e-commerce and changing the industry for the better, forever. One purchase at a time.
Learn more and stay in touch with Shopping.io: Website | Twitter | Telegram