Sunday, May 19, 2019

CyberMiles - A Solution For Blockchain Based E-commerce






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.

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