Uquid AMA Recap: Sharing Our Vision for the Future of E-commerce with Web3
On April 20th, 2023, our very own Minh Nguyen, representing Uquid, participated in a Twitter Spaces AMA session discussing the potential of Web3 in the e-commerce industry. The event, hosted by Tomás, featured two other industry experts: Shane Sibley from Travala.com and Dimitri Krilov from Gate.io. As a leading player in the space, we were excited to share our insights and vision for the future of e-commerce through Web3 technology.
For those who were unable to attend the event, we’ve created a recap of the Gate AMA here.
Tomás: What inspired Uquid to develop a smart shopping support on Web3, and how does it differ from traditional e-commerce platforms?
Minh Nguyen: “Uquid was inspired to create a smart shopping infrastructure supported by Web3, aiming to connect decentralized finance (DeFi) and e-commerce. We saw an opportunity to leverage the benefits of blockchain technology, such as eliminating intermediaries and reducing fraud, to create a more efficient and economical exchange of goods and services for customers. In contrast to traditional e-commerce platforms, UQUID operates on Web3, which is the next generation of the internet built on decentralized protocols and blockchain technology. This allows us to offer unique features such as Shopping Security, Automated Procurement, and Procurement Mining, that are not available in traditional e-commerce platforms.”
Tomás: Can you tell us about any unique features or benefits that UQUID provides to its customers, and how it uses Web3 to enhance the shopping experience?
Minh Nguyen: “Over the past 5 years, Uquid has developed a robust Web3 shopping infrastructure, offering many advanced features and benefits to customers, as well as collaboration opportunities for partners. We provide the largest selection of products in the crypto space, with over 120 million physical, digital, and NFT products, serving customers from over 180 countries worldwide. Our platform offers flexible and convenient payment methods, including Binance Pay, Gate Pay, Crypto.com Pay, cryptocurrencies, wallets, or fiat.
One of our unique features is Shop to Earn, which utilizes Decentralized finance (DeFi) to offer customers cash back rewards in the form of tokens, such as Defi Shopping Stake (DSS), allowing them to trade and use for future purchases or other assets. Our decentralized rewards system provides a more transparent and auditable way to track and distribute rewards, helping to prevent fraud and ensuring rewards are correctly credited to customers. Smart contracts can be used to automatically calculate and distribute rewards based on predefined rules, without the need for intermediaries.
Lastly, Uquid offers Payin3, a Buy Now Pay Later option in cryptocurrency that allows customers to delay payments in three interest-free installments for 90 days. This feature helps protect the value of customers’ crypto assets and provides flexibility in managing their purchases. One of the biggest advantages of Payin3 by crypto is that customers don’t have to worry about credit history checks or ruining their credit scores if they are late with their payments.”
Tomás: What do you see as the future of Web3 in e-commerce, and how do you think Uquid will continue to innovate in this space?
Minh Nguyen: “The future of Web3 in e-commerce holds great potential to disrupt the traditional landscape. With decentralized technologies like blockchain gaining momentum, we anticipate increased adoption of Web3 in e-commerce, leading to more transparent, efficient, and secure online transactions.
At Uquid, we will continue to innovate in this space by utilizing the power of Web3 and DeFi to provide cutting-edge solutions for our customers. Our key focus areas include leveraging our payment system by integrating cryptocurrencies and payment solutions for secure and decentralized transactions. We are also expanding our product offerings, such as digital gift cards, game cards, and other digital assets. Additionally, we are closely monitoring developments in decentralized marketplaces, smart contracts, and other Web3 technologies that can enhance the e-commerce experience for our customers.
We plan to enable third-party sellers to list and sell their own products on our platform, utilizing the potential of Web3 to create a decentralized and inclusive e-commerce ecosystem. Our approach is driven by a commitment to staying at the forefront of Web3 innovation and exploring ways to leverage its potential for the benefit of our users.”
About Uquid
Launched in 2016, Uquid pioneers in applying DeFi and Web 3.0 to E-commerce that aims to bring the best Shop to Earn experience to customers with verified merchants, exclusive deals, cashbacks and Payin3 with Crypto.
Throughout the years, Uquid still keeps its fantastic performance with continuous growth and the best effort to upgrade their store following the official Roadmap. With the largest selections of over 120 million physical, digital and NFTs products listed and comprehensive shipping services to over 160 countries around the world, Uquid is confident in serving any demand of customers in the Metaverse.
Users shopping at Uquid are offered flexible and convenient payment methods including cryptocurrency, fiat or wallets. Uquid’s ambition is to dominate the crypto marketplace by offering Buy Now Pay Later option to customers. Uquid Payin3 is all about protecting crypto futures value, by delaying the payment in three installments for 90 days, interest-free. With many years of building an infrastructure for Ecommerce in Metaverse, Uquid has found the easiest and safest way for customers to access their money and shop online.
Telegram: https://t.me/uquidcoinofficial
Twitter: https://twitter.com/uquidcard
Facebook: https://facebook.com/uquidcard
Medium: https://medium.com/@uquidcoin
Blog: https://shop.uquid.com/blog
Website (Digital product): https://shop.uquid.com
Website (Physical product): https://uquid.com
Website (General): https://uquidcoin.com
Website (NFT): https://nft.uquid.com
