Blockchain, Marketplace

The TREOS Marketplace will feature a first-of-its-kind “WishList” Function

As the influence of technology grows, so does the global impact it has on consumer’s lifestyles and habits. Over the last 15 years, the way we shop has shifted immensely as we conduct much of our lives on the internet. This integration of technology has had a monumental effect on the way people buy and sell products. E-commerce has positioned itself as a large part of modern business, catapulting companies such as Amazon, Alibaba and eBay to new heights of profitability.

No one can argue with the fact that e-commerce is growing; global retail e-sales were in excess of 2.3 trillion US dollars in 2017, accounting for 10.2 percent of all retail sales. This number is expected to exceed 17.5 percent by 2021, confirming the huge growth in e-commerce needs worldwide [1]. This is an expected user increase of over 70 percent in only four years.

TREOS will be the marketplace platform that bridges the gap between e-commerce and decentralised money, allowing merchants to tap into both of these rapidly expanding markets. The TREOS ecosystem supports mass adoption of decentralised money by providing ease of use and stability; effectively removing the barriers which had, in the past, prevented vendors and consumers from gaining access to this new market.

In a recent CNBC article, Annie Nova writes, “One of the biggest criticisms of cryptocurrencies is that they’re trying to be something they’re not. None of them, after all, is as readily usable for day-to-day purchases as a currency.” [2] We disagree, and can’t wait to show the world that anyone can buy and sell goods and services and engage with the decentralised money community via our stable ecosystem.

The TREOS Marketplace will feature a first-of-its-kind “WishList” Function, whereby Verified Users can list items from external online stores that currently cannot be purchased using decentralised money. Any items can be listed that have URLs or acceptable tracking methods, including items that are uploaded from traditional, brick-and-mortar merchant locations. WishList capabilities extend beyond goods to include services such as BPay items such as utility bills, credit card accounts, mortgage payments, school fees, and other everyday expenses.

[1]https://www.statista.com/statistics/534123/e-commerce-share-of-retail-sales-worldwide/

[2]https://www.cnbc.com/2018/03/02/spending-cryptocurrencies-on-everyday-purchases-is-getting-easier.html