New Cryptocurrency Empowering Traditional Merchants to Accept Crypto Payments
Chimpion (CHIMP) is proud to announce its partnership with Bitcoin Diamond (BCD) Foundation as a partner to work towards the decentralization of e-commerce. Like BCD’s crypto e-commerce store BCD Bazaar, CHIMP stores will be built on Shopping Cart Elite (SCE)’s crypto e-commerce platform.
Bitcoin Diamond and Chimpion share a common mission: to promote a blockchain-enabled economy by empowering traditional merchants to enter the e-commerce space through the acceptance of cryptocurrency payments. Earlier this year, BCD and SCE formed a strategic partnership to launch BCD Bazaar, one of the first e-commerce stores to exclusively accept cryptocurrency. BCD aims to create a decentralized online marketplace where consumers can avoid high transaction costs and slow processing times while gaining access to necessary products that might otherwise be unavailable to them through fiat currency.
E-commerce has reached a new high, totaling $2.3 trillion in retail e-commerce sales and $7.7 trillion in B2B e-commerce in 2018. As this industry continues to grow, there is undoubtedly a growing demand for faster transactions, lower fees and better accessibility. However, security issues, payment delays and expensive fees stemming from traditional e-commerce markets continue to plague small businesses, making it a challenge for them to expand internationally.
Since Bitcoin was born in 2009, cryptocurrency has proven to solve many existing issues with traditional e-commerce. Compared to fiat currency, cryptocurrency is far superior in terms of its speed, affordability, security, transferability across international borders and ability to control inflation.
Sponsored by Shopping Cart Elite, Bitcoin Diamond and Paytomat, Chimpion combines the features of popular e-commerce platforms like Shopify and WooCommerce with the convenience of payment processors like Stripe. With Chimpion, merchants anywhere in the world can set up their own crypto e-commerce stores with ease and begin selling with very little initial investment required. In terms of brick-and-mortar stores, Chimpion not only enables a smooth transition from brick-and-mortar stores to e-commerce, it also allows merchants to accept cryptocurrency payments in-store, often using their existing hardware.
To open a Chimpion crypto e-commerce store, merchants can choose to either stake CHIMP (holding it within an escrow-like mobile wallet application) or pay a monthly fee. They will then have access to their chosen masternode, which allows them to unlock advanced features on the Chimpion platform.
Since November 2017, when it was hard-forked from Bitcoin (BTC), Bitcoin Diamond (BCD) has become a strong player in the crypto world. Offering significant improvements to BTC’s slow and costly transactions, the coin features additional security features, instantaneous transactions and improved accessibility for new cryptocurrency users thanks to a supply 10 times larger than BTC’s. With these new features, BCD has emerged as one of the top 50 cryptocurrencies. Building on Bitcoin Diamond’s strong presence in the crypto world, Chimpion is primed to transform international e-commerce.
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