The current ecommerce industry has largely been dominated by three giants that have for a long time operated like monopolies and made it almost impossible for small, medium and upcoming enterprises and merchants to break into the industry. However, the new partnership between Ainslie Bullion and Ecryptostore in the recent weeks portends a paradigm shift in the e-commerce industry in general.
Ecryptostore is an online marketplace that provides a platform for merchants and buyers to buy and sell products and pay for them just like eBay. Ecryptostore’s Free Market Token, the company’s local token, facilitates the making and receiving of payments.
Ainslie Bullion is a gold and silver bullion dealer established in 1974 and offers a wide range of gold, silver and platinum products including their exclusive Ainslie Stacker bars. In addition to that, Ainslie Bullion are Queensland’s primary distributor for the Perth Mint. Ainslie Bullion is considered one of the best gold and silver dealers with some of the best prices for some of the best merchants on the East Coast of Australia.
What does the partnership between the two companies mean for e-commerce?
1 Higher Demand for Precious Metals
This represents the first of many opportunities that technology will have on the demand for the gold, silver and platinum bullion products that Ainslie Bullion deals with. Reports from the world Gold Council and the Silver Institute indicate that technology has and will continue playing an important role in driving the demand for precious metals with a high demand for precious metals being witnessed already in innovations in the financial as well as the healthcare sectors.
2 End of fleecing of consumers by monopolies
The fact that Ainslie Bullion, a leader in the precious metals market, has opted to partner with ecryptostore and not the traditional big wigs of the e-commerce industry also means that not only individuals but also corporates are now fed up of the exorbitant rates being charged by the likes of Amazon, eBay and Alibaba for their services. Ecryptostore’s partnership with Free Market Token which in its Initial Coin Offering intends to raise a modest revenue is a testament of the fact that this company is not out here to fleece the consumers but has an honest and genuine interest in empowering consumers and merchant by giving them an opportunity at financial freedom.
In addition to that, Free Market Token has an in-built system to prevent the rise of monopolies as it has allotted for public sale quite a sizeable. This is greatly lauded for it suggests that the company is really keen on ensuring fair play in the e-commerce industry something which has been lacking by and large. With 15% of the total revenue earned being channeled to charitable causes and consumers and merchants having the opportunity to decide which charitable causes, this is truly a chance to transform how corporates give back to society.
3 Lower Fees for e-Commerce Transactions
If this move attracts more merchants and trust you me, it will, then it’s high time we started considering the beginning almost zero fees to open an online store and charges of not more than two percent on all transactions. This is a huge sigh of relief considering the likes of Amazon, Alibaba and eBay charge close to 50% of the value of the product.
Lastly, in addition to the great reward and bounty system, merchants and consumers may just be eligible to discounts of upto a whopping 50%. What are you waiting for? Sign up on encryptostore, it’s free!