Thanks to the invention of the internet, Those days when we used to walk into Stores and do our shopping are gradually coming to an end because the internet is taking over in almost every aspect of human life, and even our shopping has now gone online, in a recent study has shown that in just the US, over $517.36 billion was spent on e-commerce platforms in just the year 2018.
E-Commerce outlets makes life so much easier, wanna buy a new pair of Jeans? No need to even leave to comfort of your home to go that, just sit back in your favourite couch, grab a drink and start shopping right from the comfort of your home and it is no wonder that e-commerce yearly revenue keeps rising every year, in the year 2018 alone, it jumped 15% when compared to the previous year.
THE PROBLEM FACING E-COMMERCE
But like every other big sector in the world, there are also negative forces trying to make it crumble or gain from it illegally and e-commerce has not been spared such unpleasantries as well, because of the large amount of funds and personal information that goes through e-commerce portals, it has become prime target for criminals and hackers who are constantly trying to harvest personal information and credit card details.
There has been instances where these hackers has succeeded in their evil endavour and one of the most memorable cyberattacks on an e-commerce platform is the eBay hack of May 2014 in which One Hundred And Fourty Five million users were affected and their names, addresses, dates of birth and passwords were compromised, Another memorable Cyberattack happened in December 2013 in which "Target Stores" database was hacked and the credit and debit card information of One Hundred And Ten Million Users were compromised, this attack is considered to be much worse because unlike the eBay hack where Identity Theft was the biggest worry, the Target Stores hack had financial implications for those affected.
THE CHIMPION SOLUTION
Cryptocurrencies has been described as the future of money because it is fast, secure, transparent and anonymous and just imagine if Cryptocurrencies had been integrated into Target Stores and eBay off when it was hacked, the hacker would have gotten no credit card or personal information because all the payments would have been done by Cryptocurrencies and there would have been no need to users to input their personal information in the website.
This is where Chimpion comes in, Chimpion has presented the perfect solution to this problem by providing a Crypto POS service that can be integrated into any e-commerce platform, Chimpion features a wallet that would be used to securely store cryptocurrency, swap cryptocurrency seamlessly and also serve as a crypto POS in any e-commerce platform as seen in the Whitepaper.
WHAT SETS CHIMPION APART FROM OTHERS
While it is true that there is another project called Storiqa that has tried to integrate crypto payments into an e-commerce platform, it is noteworthy that the only platform that Storiqa would be integrating Crypto payments is in the Storiqa Store while Chimpion is not just a store that accepts Cryptocurrency, Chimpion is a crypto POS that can be integrated into any e-commerce store so that users do not have to leave their favourite e-commerce platforms just because they need to make a purchase with Cryptocurrency.
CONCLUSION
Chimpion has proven time and time again that it is dedicated to keeping it's promises and this is evidenced by the fact that a wallet has already been developed and released and also the fact that we have been seeing one innovation after another from the Chimpion Team and Partners, Chimpion token which is the utility token of the platform can be purchased in Mercatox exchange and I would encourage everyone to take a closer look at this project, After taking a quick peek at the Chimpion Whitepaper, I am quite convinced that Chimpion would be on the lips of every Crypto Enthusiasts in the future.
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My Bounty0x Username: Collinberg