Elrond has partnered with blockchain platform Shopping.io who will bring the facility for users to spend their eGold tokens at some of the world’s most popular eCommerce marketplaces.
The eCommerce industry is already booming and set for a massive expansion over the next decade. The eCommerce industry alone contributes to 21% of the total retail spendings across the US blockchain startup Elrond has come with a unique and exciting idea for US customers. On Tuesday, April 6, Elrond announced a new eGold payment facility directly at Amazon, Walmart, and eBay.
Beniamin Mincu, Elrond CEO said:
“Drone deliveries, intelligent homes resupplying automatically, virtual shopping experiences, customizable avatars, and other such technological advancements will continue to drive online sales and convenience for everyone. As a result, eCommerce is rapidly growing its share of the $5 trillion dollars US retail market. We’re excited to enable eGold as a means of payment in the new digital retail economy.”
Thus, the new payment facility allows eGold holders to use it against buying any products and services. Elrond has said that it won’t be charging any transaction fee, conversion costs, and waiting times thereby adding more utility to its token.