The coming together of different people to undertake various tasks and challenges has often been cited as one of the easiest ways to effectively deal with even the most daunting of tasks. Usually sayings such as a problem shared is half the problem solved have been used to illustrate the successes of partnering to deal with such challenges. Therefore, the success of a partnership by and large depends on finding the right partners to team up with in order to achieve the purpose for which the partnership has been intended. It is for this reason among many others that made both Ainslie Bullion, an investment management company, and Encryptostore, an e-commerce platform, to team up.
According to the Ainslie Bullion’s website, the company has been in existence since 1974. It is based in Brisbane, Australia. The company has for the longest time established itself as a dealer in gold and silver bullion products and it’s only recently that the company has started dealing in cryptocurrencies such as Bitcoin, Ether, Litecoin, Bitcoin Cash & Ripple. The company is known far and wide for the high level of integrity and security it has exuded in a complex market with very high risks to deal with. The company has also a high turnover rate based on its profitability, high share value and one of the most consistent growth records in the industry.
The company is well known for being highly proficient in producing and selling some of the top of the range and world class gold and silver bullion in addition to its exclusive and iconic Ainsley Stacker Silver bars. The company remains the primary distributor for Queensland’s Perth Mint. This is a great testament to just how the company has developed a huge reputation in the gold and silver bullion industry not only as a secure company but also a reliable and greatly dependable in the said industry. This the company has done by maintaining the best pricing and freight for the Perth mint coins and bars on the East Coast of Australia.
Ecryptostore on the other hand is also proving to bridge the gap between e-commerce and the currently booming blockchain business. Together with its powerful payment functionality, Free Market Token, Ecryptostore facilitates trustless, speedy and secure worldwide transactions are put through and payment made through the top forty currencies in the world including cryptocurrencies. This is in addition to the high level of protection it offers for merchants like Ainslie Bullion as well as the consumers of the products and services offered by the merchants without even an iota of unfair market practices being occasioned to the players in the industry.
This article therefore aims at highlighting the implications of the partnership between Ainslie Bullion and Ecryptostore.
Firstly, it would mean that consumers and merchants alike who trade on ecryptostore’s platform now have gold, silver and platinum added to their redeemable options. This basically means that due to the partnership, there is more liquidity for cryptocurrencies. They are now able to exchange their cryptocurrencies to gold, silver or platinum products as they may please.
Secondly, for the longest time, Ainslie Bullion has had the desire to complement their bullion business with a crypto-asset trading platform that not only guarantees the company a high level of security due to the nature of the products they deal in but also a high level of security for consumers of their products. Ecryptostore’s platform proves to be just the right fit. Ecryptostore’s charges a maximum of 2% of the value of the products for each transaction and as such the consumers and merchants are not fleeced of their hard-earned money. Buyers are also protected from unscrupulous dealers as the peer-review system makes sure that sellers are verified and those who are not incur very high costs for failure to get verified. Ainsley’s products will also be protected as encryptostore’s platform make it possible for sellers to trace their products in addition to escrow which makes sure that each party to the contract fulfills their part of their bargain before a transaction can be completed.
In conclusion, this partnership is one that is likely to reshape the entire e-commerce industry as it adequately addresses market volatility that has proved a bane and a boon for the cryptocurrency industry. Furthermore, the partnership grants both consumers and merchants alike the freedom and opportunity freely transact on a local and international scale. This therefore marks the beginning of an endless sea of opportunities for everyone in the cryptocurrency industry and the e-commerce industry at large.
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