Online shopping

How to earn crypto with online purchases?

The advent of the Internet laid the foundation for electronic commerce, but it currently uses the centralized financial system for payments. With the proliferation of crypto and DeFi use cases, it won’t be wrong to expect crypto projects to tap into e-commerce to create a new buying model that benefits all. stakeholders.

For example, blockchain can seamlessly integrate e-commerce applications with DeFi mechanisms that negate the high interest charged by legacy financial services. It can also allow users to benefit from greater personalization since they can be actively involved in governance decisions that affect the quality of products and services available on the network.

@Pay, a decentralized global platform creating payment solutions for shoppers, merchants and marketplaces, aims to create such an e-commerce network.

@Pay, Shop, Save & Get Rewards

@Pay is a one-of-a-kind DeFi platform that integrates blockchain and smart contract technology with a Buy Now Pay Later mechanism. Thanks to BNPL, @Pay users can make repayments in four installments over three months without paying interest or late fees. This will apply to both online and in-store purchases of products from the platform’s in-app merchant list.

When users complete their refunds on time, they are eligible to receive @Pay Governance Tokens, the native token of the @Pay platform, programmed to perform several critical user utilities. Users can use @Pay tokens to increase their credit limit, purchase products and services from @Pay merchants in the marketplace, and vote on critical decisions that can shape the future of the platform.

Upon signing up on the platform, approved users immediately receive a $250 credit line which they can later increase with the @Pay governance token. For example, if a user earns 20 @Pay tokens, they can exceed their credit limit by up to $1,200 in purchases. This business model, based on the concept of BNPL, allows the platform to act as a fiat-to-crypto bridge between traders and users.

Additionally, the platform has developed a staking mechanism where users can stake approved cryptocurrencies like USDT and USDC stablecoins. Stakeholders will earn a variable return. Stablecoin stakingrs capture a return based on the revenue generated during the staking period.

@Pay has created a synergistic mechanism to ensure that users are rewarded for participating in network governance and staking. This increases the ability for users to upgrade their transaction limits over time and earn rewards for responsible financial behavior when purchasing products. The same philosophy is also followed for the integration of merchants who want to take advantage of the advantages provided by DeFi while using the blockchain to develop one-to-one relationships with their customers.

Shopping redefined

With increasing competition between companies in all sectors, every innovation that creates more value for the end user becomes a competitive advantage. By integrating a DeFi layer for e-commerce through BNPL, @Pay is redefining the shopping experience by rewarding good financial behavior. This makes the business sustainable and resilient, due to the user’s increased propensity to contribute to the long-term well-being of the network.