REVIEW
Challenges for Traditional E-commerce
Although the demand is clear, it is difficult for traditional e-commerce
websites to accept crypto currency payments. Traditional payment processing
companies support one or two major cryptocurrency and require high costs to
convert into and out of fiat currencies (for example, USD). The user experience
of crypto currency payments is also bad for consumers, making them
uncompetitive towards traditional payment methods such as credit cards. The
main challenge in all commercial operations, but especially true for
fast-moving e-commerce, is the management of cash flow to maintain and grow
operations. Securitization is the main tool for more efficient cash flow
management. However, traditional securitization through Wall Street is
expensive and inefficient because it requires expensive and slow human
intervention at every step.
While e-commerce is the case for the
earliest and most popular use of cryptocurrency, its application is hampered by
wild fluctuations, high costs, and slow cryptocurrency speeds. In most
countries, consumers require merchandise to be priced in fiat currency. At the
same time, the high transaction costs and slow confirmation time of the BTC and
ETH networks make it unsuitable for e-commerce payments, especially micro
payments. To fully realize the promise of cryptocurrency in e-commerce, we need
a new cryptocurrency class pegged to fiat currencies, supporting high-speed
transactions, and having very low costs. That is a stable coin.
CyberMiles is trying to provide a solution
with the CyberMiles payment gateway, the SaaS service offered by our partners.
It can be embedded into any e-commerce website to receive customer payments
smoothly on almost all cryptocurrency on the market today, including payments
in stable coins pegged in USD. Blockchain CyberMiles makes it easy to issue
security tokens for e-commerce businesses to manage cash flow and increase
operating capital. Blockchain CyberMiles is optimized for stable coin issuance
and transactions. The CyberMiles validator provides assurance that cross
deposits and stable coin exchanges are transparent and valid. CyberMiles
virtual machines support the performance required for e-commerce scale payment
solutions based on smart coin contract smart.
You need to know that marketing mouth-to-mouth
strategies are one of the most effective marketing tactics. By harnessing the
power of social media networks, many iconic companies, such as Dropbox and
Airbnb achieve hyperbolic growth with referral campaigns. Adding the power of
the blockchain to a proven marketing strategy brings the referral program to
the next level. When reward incentives are paid for in the blockchain
release-based token, it opens the effect of network ownership for users,
multiple economic incentives. With the help of whether your's a
blockchain-based business or traditional web-based application, you can easily
create and publish your own referral program by utilizing DPOS-managed
CyberMiles classes and the DPOS blockchain and our extensive library of smart
contracts . Every time a user refers to your product or service, he not only
receives additional tokens but increases the awareness of tokens so that the
value of the token that was previously received is also increased. This dual
economic incentive supercharges your reference program.
One of the biggest challenges in today's
digital business environment is to keep your user base interested and
interested. It doesn't matter whether we talk about blockchain based solutions
or not, the involvement of an audience with your brands and products can make
or break your business. Token Blockchain-based reward and loyalty programs are
a powerful way to gain traction and grow the initial audience. This directly
incentivizes desired user behavior to generate growth. The key to the success
of your growth is execution. Planning, tracking accurately, and distributing
gifts can be an extraordinary and resource intensive task for any organization.
With our secure and professionally organized DPOS blockchain and our
comprehensive smart contract template library, you can quickly build and run
effective gift and loyalty campaigns and build an active community around your
brand and products. You can easily provide incentives for users to promote your
brand or create content on your platform and more.
CONCLUSION
CyberMiles provides a breakthrough with a
solution, namely The CyberMiles payment gateway, a cryptocurrency payment
platform, which will make it easier for traditional e-commerce websites to
accept cryptocurrency payments. Don't forget the Blockchain CyberMiles makes it
easy to issue security tokens for e-commerce businesses to manage cash flow and
increase operating capital. Supported by all popular publishing standards
including ERC 1400, ERC 1440, ST-20, R-Token, S3 and many more. With the
CyberMiles Validator which will guarantee that cross deposits and stable coin
exchanges are transparent and valid. CyberMiles virtual machines support the
performance required for e-commerce scale payment solutions based on smart coin
contract smart. So in my opinion the solution provided by cybermiles for
e-commerce business people is very clear and looks like it can provide
convenience, because with the support of future technology (cryptocurency)
everything will look more effective and efficient.
Info detail :
Website : http://www.cybermiles.io/
Whitepaper : https://cybermiles.io/en-us/cmt/whitepaper/
Telegram : https://t.me/cybermilestoken
Telegram username : @robiawal
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