ABBC Foundation’s Buyaladdin: A Whole New World of Online Shopping

ABBC Foundation’s Buyaladdin: A Whole New World of Online Shopping

Media Coverage
July 23, 2019 Editor's Desk
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Despite Bitcoin’s resurgence in 2019, it still has considerable problems regarding payment adoption and real-life operations. According to a study by Chain analysis, only 1.3 percent of Bitcoin transactions involved a merchant in the first four months of 2019. This shows that for cryptocurrencies to be considered as a viable alternative for payments, a lot of work
Buyaladdin

Despite Bitcoin’s resurgence in 2019, it still has considerable problems regarding payment adoption and real-life operations. According to a study by Chain analysis, only 1.3 percent of Bitcoin transactions involved a merchant in the first four months of 2019. This shows that for cryptocurrencies to be considered as a viable alternative for payments, a lot of work still needs to be done.

In today’s generation, e-commerce is a global platform that is growing at an unprecedented rate. With almost everyone hyped to grab their favorite items conveniently through online shopping, ABBC Foundation spurred the idea of revolutionizing a buyer’s experience. Through Buyaladdin, online shopping and cryptocurrencies will make every purchase faster and easier.

Based on the cumulative data from the Global E-Commerce Playbook, e-commerce has been anticipated to have an increase in worldwide sales reaching more than $4 trillion in 2021. With such a positive forecast on e-commerce, ABBC Foundation proves to have an edge by developing a one of a kind e-commerce application — an application that allows payments through cryptocurrencies.

Buyaladdin Announcement in New York

ABBC recently announced the Buyaladdin e-commerce platformon July 16, 2019, at Rockefeller Center, New York. The launch event was hosted by ABBC CTO Stanley Park where he got to discuss the changes that the shopping platform would bring to its users and described it as “a whole new world” for online shopping.

Buyaladdin is labeled as the next-generation e-commerce platform that will hugely contribute to making cryptocurrency mainstream for payment transactions. Buyaladdin will go live in October and has integrated over 50 major retailers that include Amazon, eBay, Alibaba, Rakuten, Walmart, and much more. The ABBC team, together with its global partners and highly-capable developers, have worked tirelessly to establish this platform that will connect the worlds of cryptocurrency and e-commerce.

Live Demo of Buyaladdin Features

The Buyaladdin announcement included a real-time demonstration of the app where Mr. Park, as the product demonstrator, had used Bitcoin to make his online purchase as a customer. Mr. Park began by explaining that the user can decide what region they wish to shop in. Since they were performing the demonstration in New York, the US market was selected. The Buyaladdinapp considers the real-time location in providing the availability of shops where users can choose to buy their products.

Mr. Park decided to purchase a pair of Vans sneakers and then preceded to select three different pairs of sneakers from three different stores. Before deciding on which pair of sneakers to select, Mr. Park checked his in-app wallet that showed his current balance in USD (fiat). In the same way, Buyaladdin users can check their balance before checking out their carts. The wallet will display real-time prices of cryptocurrencies in the market. When the desired product is eventually selected, the app displayed the price converted according to the selected crypto method (BTC). After this, the purchase was then approved and an email confirmation was sent to Mr. Park, stating his purchase order.

Buyaladdin aims to be the leading crypto-based online shopping platform, in the same way, that Amazon leads the e-commerce sector in the U.S. Once the platform is installed, our users will be able to use premier cryptocurrencies like Ethereum and ABBC Coin in purchasing the cheapest and fastest shippable items within reputable online shopping malls around the globe. Through Buyaladdin, shoppers will also be able to send user recommendations based on their location. This would assure that users will be updated on the most popular items in their region.

Perks of Aladdin Wallet Users

Along with Buyaladdin, ABBC Foundation had released a digital wallet application, Aladdin Wallet. The Aladdin Wallet is a blockchain wallet that ensures fast and secure crypto-transactions made possible through its built-in chat messaging function and security features. The wallet will initially support ABBC, BTC, ETH, EOS, and other cryptocurrencies will be added in the near future. The wallet comes with different layers of security, such as pin code, biometrics, and two-factor authentication that protect the users from getting hacked.

Aladdin Wallet users will have the exclusive privilege of participating in the beta-testing period of Buyaladdin. ABBC expects to be done with the alpha testing by the end of August. Once this is completed, Buyaladdin will proceed with the beta-version release in September. By then, Aladdin Wallet users will be the first customers to experience this legendary global marketplace.

The Chain analysis Senior Economist Kim Grauer mentioned in an email that

Bitcoin’s top use case remains speculative, and the mainstream use of Bitcoin for everyday purchases is not yet a reality.

ABBC begs to disagree about this notion of using cryptocurrency for purchases. With the launching of the Buyaladdin shopping platform, ABBC CEO Jason Daniel Paul Philip maintains a positive outlookand declared that with the enormous support from distinguished partners,

ABBC will transcend its vision to an international scope.

Buyaladdin predicted to start off with 100 million users that will eventually grow in no time. The project will expand by accumulating more crypto-asset holders and targeting billions of people who cannot access or benefit from the existing financial system. More developments regarding the project are expected in the future as ABBC concretizes its plans in revolutionizing the e-commerce sector. Watch out for additional shopping features and shopping mall options that will soon be added to this e-commerce platform.

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