CommPRO Editorial Staff
CoinLinked®, a first-of-its-kind blockchain-based social marketplace, launched as a safe and easy-to-use means for users to purchase any product from any website in the world using cryptocurrency like Bitcoin, Ethereum or stablecoins such as Tether, as well as Fiat. Founded by Wall Street veteran and serial entrepreneur, Jenny Q. Ta, who was also the creator of VCNetwork.Co, a platform connecting VCs and startups, has combined her Wall Street, crypto and social media industry expertise to develop a dually centralized and decentralized social marketplace meant to push crypto into the mainstream.
“Our aim is to grow the crypto industry by connecting the traditional marketplaces of today with the digital currencies of tomorrow,” said Jenny Q. Ta, CEO and Founder of CoinLinked. “We’ve designed this platform to vastly simplify the spending of digital assets, making the buying process smoother, faster, more intuitive, and more convenient for today’s crypto-holder. By combining a simple and efficient drop-shipping solution with a robust rewards system, the evolution of Social Networthing® takes on a whole new meaning. Especially in light of this new world we’re entering due to COVID-19, we’re streamlining the entire e-commerce process for people who want to move away from the dangers of spending or holding physical currency and want to purchase essential or other goods with crypto-payments.”
The CoinLinked concept takes crypto-based e-commerce to the next level by offering virtually unlimited access to goods and services worldwide while eliminating the need for the slow, unwieldy payment processing protocols that mark the majority of today’s crypto-based e-commerce transactions. Since the platform requires no merchant integration, it effectively removes one of the major barriers to entry. Users pay CoinLinked in crypto, and CoinLinked pays merchants in their local fiat, eliminating the need for fiat on and off-ramps. The platform currently accepts Bitcoin and Ethereum, with plans to add additional cryptocurrencies in the months to come.
Additional benefits available to users of the platform include memberships, cash back, and other incentives that let users monetize their social activities, earning rewards that may be used to reduce transaction fees and accrue shipping discounts on products purchased.
Source: Blockchain Wire