LONDON--(BUSINESS
WIRE)--70 Million household items can now be
bought worldwide, as acceptance of over forty cryptocurrencies
becomes the flagship payment option on MonetaryUnit’s ($MUE)
relaunch of the largest UK independent marketplace.
Crypto coins drive Xmas strategy of largest
eShop; $200BN cryptocurrency industry goes mainstream for online
shopping
As cryptocurrency grew to see $15BN in daily trading volume
throughout October, MonetaryUnit’s summer acquisition (flubit.com)
has launched the world’s largest integrated shopping marketplace
for cryptocurrency. Importantly for the wider crypto industry, this
provides fresh validation for those seeking to make cryptocurrency
an everyday payment asset.
Byron Barnard from the MonetaryUnit Blockchain project, spoke
today about the key challenges in a push towards crypto adoption in
everyday life. “Our focus is to create environments that are
accessible to all and free from the stigma that the
blockchain/crypto space is only for techies. Online shoppers expect
the ease of checkout that card-payments currently gives them; prior
to today that just hasn’t been possible at scale with
cryptocurrency. On Flubit.com you can now simply choose any item
from multiple sellers, select your preferred coin, and pay within a
few clicks. Millions of everyday household items can be bought with
crypto and zero fuss”.
Flubit.com (a marketplace similar to Amazon’s offering),
connects thousands of suppliers together, allowing users to
purchase different items directly from multiple sellers in one
basket. A setback to previous use-cases of cryptocurrency has been
a slow adoption-rate from traditional businesses, but as Steph
Fiala, Chief Operating Officer of Flubit.com explains, that is no
longer a pain-point for sellers. “Sellers won’t know if they’ve
received an order paid with a crypto or fiat currency. Where
required and prior to an order being sent through to a seller, our
technology automatically converts crypto payments into their
native-currency. Sellers can now access a $15bn/day industry
risk-free, an advantage they cannot get via other
marketplaces”.
Flubit.com, the 8 year-old eCommerce company (and winners of the
prestigious Web Summit competition) has already seen a surge in
demand from communities wishing to have their coins added as
payment options. Flubit.com’s CEO, Bertie Stephens, adds that
“Being part of the Flubit.com shopping ecosystem creates demand for
a coin, increases volume of trading, and consequently helps grow a
coin’s value and future relevance. Any community can apply, and we
consider applications of those coins that we believe meet the same
ethos as MonetaryUnit’s own blockchain and crypto
technologies”.
Since announcing the acquisition of the Flubit.com marketplace,
(who had over 3 million shoppers through its doors last year),
MonetaryUnit’s $MUE coin has shot up 37% in value. The coins
available at the launch of Flubit.com crypto offering are:
BitCoin, BitCoin Cash, Dash, DogeCoin, Ethereum, Ethereum
Classic, Komodo, LiteCoin, Ripple XRP, XMR Monero, Beancash,
BlackCoin, Bitcoin gold, CloakCoin, Crown, Decred, DigiByte, Game
credits, Groestlcoin, Lisk, MaidSafeCoin, NavCoin, Neo, Namecoin,
Nxt, Peercoin, Pura, Qtum, SmartCash, Stratis, Syscoin, TokenPay,
Tron, Ubiq, Vertcoin, Waves, NEM, Verge, ZCoin, Zcash and
Horizen
Further Information:
http://www.flubit.com
https://www.MonetaryUnit.org/