PRESS RELEASE. CashPay brings ecommerce a step closer to Blockchain Technology through an open distributed ledger that records transactions between two parties in a decentralized manner that involves trust, faster transactions, no hidden costs, etc.
With its launch in 2021, the CashPay platform is going to start with the initial implementation of $CPZ (token), closely followed by CPZ Beta. The company is also going to launch country-specific ecommerce websites and smartphone apps. CashPay is basically a “marketplace for Direct Customers”, a king of payment gateway solutions, which uses Utility Token ($CPZ) or cryptocurrency to make transactions happen. Currently, the company is at a nascent stage but its products are futuristic—CashPay Shop, CashPay EZ (Payment Gateway) and CashPay Passport (Merchant Wallet). The company is betting on the multi-fold growth in the ecommerce market over the past few decades, which has shifted towards transactions done through cryptocurrency.
In the company’s words, “CashPay is the bridge. We have developed a fully functional ecommerce marketplace that serves as a shop where buyers can purchase a variety of goods by paying with cryptocurrency. In addition to the marketplace, we are working on a Payment Gateway that can be integrated on partner and existing ecommerce websites, allowing the consumers the option to pay through cryptocurrency.” The company will encourage online transactions with the use of CashPay tokens ($CPZ). Additionally, CashPay will also streamline the whole process of the transaction by making use of a Merchant Wallet that will be used like the current electronic wallets, with cryptocurrency in it, instead of bills. The company is on a mission to “fix the inability of the existing ecommerce to benefit from the multi-faceted world of Blockchain Technology.”
CashPay Shop
The most awaited platform is here – a cryptocurrency-enabled marketplace where users can buy a wide range of products using the CashPay tokens. As of now, electronics, accessories, smart wearables, smartphones, video games, etc. are a part of the ecommerce platform that is powered by the $CPZ token. Strategic partnerships with top producers and brands are already underway that shall see a lot of big names become a part of this revolutionary Blockchain project. To incentivise the customers. All the products are priced at a discount with the company guaranteeing the lowest market rates on every product – pitting themselves against the likes of e-commerce retail giants like Amazon, Flipkart as well as AliExpress.
Among the impressive set of future plans are CashPay ‘SuperStores’, a line of brick-and-mortar stores set up worldwide that would serve as retail megastores and outlets to facilitate off-line commerce through cryptocurrency, thus adding another dimension to the ambitious project.
CashPay Token
CashPay is powered by its native token $CPZ. CashPay Token is an erc-20 token that is built on the Ethereum blockchain network. You can learn more about the token and its applications on its website. With CashPay Token pre-sale going live by Wednesday, January 27, The CashPay Shop is scheduled to go live by Friday – January 29, 2021 with the platform ready to cater to the global market.
The robust social media presence of CashPay is already creating the right buzz among potential consumers as well as merchants.
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