SYDNEY, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Fantom Foundation, one of the fastest growing layer-1 blockchain platforms, today announced its integration with crypto e-commerce platform, Shopping.io, to allow online shoppers to make online purchases from major retailers using Fantom’s native FTM token. Starting today, FTM holders can use their tokens on Shopping.io to purchase items from a selection of popular retailers, including Amazon, Home Depot, eBay and Walmart.
The combination of economic inflation, non-fungible token growth, and metaverse intrigue drove cryptocurrency interest over the past year – culminating in the number of crypto holders worldwide topping 300 million. In conjunction with the rising crypto interest, the prospect of retail shopping with cryptocurrency has emerged as well. According to a recent study by Cantaloupe, 67% of crypto owners would consider using it for purchases. Such interest prompted Airbnb CEO Brian Chesky to position allowing crypto payments as his number one objective for 2022, building on their service to purchase Airbnb gift cards with cryptocurrencies.
Now 46 million crypto holders plan on making purchases using their digital assets, with another 42 million non-owners considering buying cryptocurrency for making purchases in the future. Despite the interest, however, more than 50% of crypto owners say not enough merchants accept crypto, according to PYMNTS. Through the integration with Shopping.io, Fantom hopes to allow FTM holders to easily transact at popular online retailers.
“At our core, Fantom strives to bolster the entirety of decentralized finance, and the larger cryptocurrency economy,” said Fantom CEO, Michael Kong. “Tangible utility, like online retail, is a major step in that direction. We’re thrilled to integrate with Shopping.io to deliver simple, user-friendly purchase capabilities.”
In line with the integration, FTM holders will be able to purchase everyday items using digital assets. The move signifies a concerted move to facilitate mainstream crypto adoption. To this point, Shopping.io is the only international crypto onramp allowing users to spend cryptocurrencies on e-commerce websites.
“Fantom is among the most reputable, exciting platforms in the space, so we could not be more excited to deliver this integration,” added Shopping.io Founder & CEO, Arbel Arif. “With their significant community support, we firmly believe this is a major leap toward crypto adoption and evolution.”
The integration with Shopping.io comes on the heels of Fantom’s recent integration with open-source oracle provider, DIA, to deliver data feeds to DeFi developers within the Fantom ecosystem. The integration looks to bolster the development of a variety of use cases including stablecoins, staking rewards, lending and borrowing, DEXs and more.
To learn more about the Fantom Foundation incentives Program, please visit: https://fantom.founation.
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ABOUT FANTOM:
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in around one second and cost on average one cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases. Learn more by visiting the Fantom Foundation website or Twitter.
ABOUT SHOPPING.IO
Shopping.io is the bridge between crypto and E-commerce as the first international crypto E-commerce onboarding and fulfillment service.
Shopping.io is the only company in the crypto space that allows you to purchase from major E-commerce hubs such as Amazon, eBay, Walmart and HomeDepot, on a global scale with the option to choose from hundreds of different tokens. We also have two native tokens, $SPI that unlocks benefits to its holders, such as discounts and free international shipping and $GSPI which unlocks our business plan for drop-shippers and businesses alike, allowing discounts on various purchases.
Shopping.io believes in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.
Learn more and stay in touch with Shopping.io: Website | Twitter | Telegram
