HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Spacelens is Merging the Worlds of e-commerce and NFTs Through Blockchain

Crypto 2021/07/16 16:21 by Livine Sanchez
Spacelens is Merging the Worlds of e-commerce and NFTs Through Blockchain

Cryptocurrency is being used for so many things these days, one of which is payment for goods and services. Time magazine accepts bitcoin for subscription payments and WeWork has also hopped on the train. One aspect of consumer culture that is very prominent and is starting to get the cryptocurrency treatment is e-commerce. 

After all, billions of dollars are spent every day on e-commerce sites to buy goods and services, and with more people using cryptocurrency than ever before, it is only natural for this to happen. Spacelens, a company that has recently partnered with the Tokpie Exchange, allows for the buying of goods across the internet using cryptocurrency. 

In many ways, the Spacelens platform functions the way any other e-commerce platform does in that it sells goods and consumers can buy. The difference is that the goods in question are denominated in cryptocurrency as opposed to local currency and this is beneficial for the global e-commerce sector. 

How Spacelens Works

Because consumers need to make purchases from different parts of the world, a single universal currency denomination reduces a lot of confusion as well as the cost associated with currency conversions. A dollar is worth different amounts in different countries but a bitcoin is a bitcoin everywhere. 

The platform works through its native $Space token that sits at the center of its ecosystem and can be used for the purchases of everything from fashion products to technology. For those who want to buy from merchants closer to their area, there is an option to search using geolocation and there is a chat function to facilitate the sale and payment. 

How NFTs Are Involved

In terms of token storage, Spacelens comes with a native wallet that is secure and allows for the buying of products listed on this platform. Spacelens is not only offering access to traditional e-commerce products like clothing and tech but is also offering customers the ability to buy non-fungible tokens (NFTs) on the platform. 

NFTs have been all the rage in the last year and have become a very lucrative part of the blockchain industry. Making it as easy for customers to buy NFTs as they would a dress or sneakers over the internet goes a long way to normalize the use of blockchain and also provides a way for crypto holders to make an income. 

The native token for Spacelens was first listed on the Tokpie Exchange which is renowned for its development of blockchain start-ups. There is a total of 1 million of the token and the management of Spacelens is closely monitoring the token supply situation. 

Moving forward, we can expect to see more e-commerce platforms offer cryptocurrency as a means of payment, and hopefully, we will approach a future where cryptocurrency being used for e-commerce is as common as debit cards.

0 Like(s)



You should also read...

Crypto 26/11/19 14:16 by Guest Author
Emirex Doubles Down with IEO Announcement, Building a Comprehensive Crypto Ecosystem in the Middle East
The cryptocurrency space has seemingly revived in 2019. After a massive blood-letting through the course of 2018, the space has begun to regain a new life. The price of Bitcoin, for example, increased...
Read More
Altcoins 31/08/20 14:25 by Ponvang Bulus
5 Altcoins To Watch Going Forward In 2020 And Beyond
The year 2020 has been an eventful one for cryptocurrencies. Some have done extremely well while some have recorded negative price action since the year started. Among those that have done well, ther...
Read More
Crypto 04/12/20 11:52 by Guest Author
How You Can Effectively Trade Cryptocurrency
The emerging cryptocurrency market has generated increasing interest over the last few years, among investors of all varieties and backgrounds. Unlike traditional currencies, cryptocurrency trading is...
Read More
Altcoins 15/03/21 17:51 by Livine Sanchez
Crypto Transfers Security Ramped up with ethbox IDO
Crypto adoption by mainstream investors is currently exponentially rising. A report by Robinhood, a trading app used by the modern layman investor, titled “Crypto Goes Mainstream” revealed that 6...
Read More
Crypto 09/06/21 12:00 by NewsBTC
Are You a Blockster? If You’re Investing in Crypto Then You Certainly Are
The crypto space is in the midst of the biggest bull run in its history, with more attention being focused on cryptocurrencies and blockchain than ever before. Despite this, crypto projects often have...
Read More