Paytomat, Bitcoin Diamond (BCD) and Shopping Cart Elite have joined forces to release Chimpion (CHIMP), a new kind of crypto designed to enhance the e-commerce industry.

Chimpion is now working to assist merchants, both large and small, by introducing them to the benefits of digital assets.

Crypto Enhancing the World of E-Commerce

Alex Arnaut – chairman and co-founder of Chimpion – states:

“A major problem that persists with e-commerce is that it’s difficult for small businesses. E-commerce merchants face security issues, payment delays and difficulty selling internationally, not to mention the expensive fees charged by payment processors. Chimpion is providing merchants with a platform that leverages cryptocurrency to eliminate these issues and open them to new markets.”

Chimpion’s technology will allow merchants to accept cryptocurrency payments for goods and services. Companies will be able to pre-select specific cryptocurrencies for payments while rejecting those that don’t fit it in with their present goals and ideals. Chimpion will also offer income stream flexibility to merchants to shield them from trade wars, volatility, growing interest rates and other unpredictable aspects often witnessed in the digital financial space.

The currency will be available starting in early 2019, though an exact date has not yet been determined. The currency will first be available in Asia, then transition to Europe, the Middle East, South America and Africa with the goal of helping business owners establish stronger cryptocurrency understanding and build digital payment capabilities.

In addition, Chimpion will also launch what executives are calling the CHIMP Academy, which is set on developing cryptocurrency plugins for platforms like eBay, Amazon and other e-commerce systems. There are also plans to launch a Chimpion wallet in the coming months.

E-commerce has become one of the biggest industries in the world. Since the introduction of both eBay and Amazon, the space has expanded to encompass more than $2.3 trillion in total retail sales. B2B e-commerce has also accounted for an additional $7.7 trillion in sales.

Making the Retail Space Stronger and Safer

The growth of the space has led to a demand for lower fees, faster transactions and wider accessibility. Cryptocurrency has ultimately assisted with this demand, bringing the functionality of fiat currency to an otherwise unstable monetary system. Customers now have access to stronger security protocols, transferability, affordability and faster transaction speeds.

Chimpion’s services will be available to early retail merchants at no charge.

Does CHIMP sound like a feature that will bring crypto adoption to new heights? Post your comments below.

Image courtesy of Shuttershock

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