IMPROVING THE PECULAIRITIES OF CRYPTOCURRENCIES AND E-COMMERCE USING PLAZA

it has been established that global e-commerce market has recorded over US$ 2.29 trillion sales worth for 2017 and based on analysis made it is projected to grow beyond US$ 4 trillion come 2020; however with the use of blockchain technology this growth rates are bound to grow even higher than it is already, the adoption of blockchain signifies a rapidly growing cryptocurrency based market with a crypto capitalisation amounting to over US$700 billion with an eventual expectant growth rate of US$ 2 trillion come 2020 and also the increase in size of the e-commerce international space. The adoption of blockchain peculiarities by e-commerce has a lot of dividends that came with it but the most notable is that it facilitated the elimination of all previously existing centralised platform thereby drastically reducing the cost of transactions for both sellers and buyers and also creating a mechanism for effectively rewarding loyalty.

With time blockchain enabled cryptocurrencies also started brewing problems and these problems are:

1. There is usually a requirement of one to learn the steep curves of cryptocurrencies before one can actually trade with it, these need for technical understanding of cryptocurrencies can be used affected negatively the acceptance and usage rate of cryptocurrencies within the e-commerce sector

2. The obvious decline of options on the spending of funds within the wallet has greatly affected cryptocurrency full scale adoption, a large percentage of the e-commerce use and easily accepts MasterCard and visa with only about a fraction of population using the cryptocurrencies. This is like this because people prefer to hold cryptocurrencies as assets than as currencies in other words it volatility has reduces its utility.

3. The mining processes engineered by blockchain are not well structured as it favours only the rich because it makes the rich become rich.

    THE SOLUTION

Plaza is a blockchain based initiative that is out to not just enhance e-commerce but also eliminate all the anomalies with cryptocurrencies. It offers an integrated user friendly crypto kind of lifestyle, that aids private online shopping at the most appropriate prices, it offers a debit card and also a uniquely modelled interactive speaker mechanism that duly serve as a secured crypto wallet and also a mining rig for its utility ERC20 token and transaction coin. Plaza makes cryptocurrency usage within the e-commerce space easy because it offers a simple to use interface that actually conceals all the previously existing blockchain, thereby making it possible for any user with any user with the least level of technical know-how to use the plaza platform. The plaza innovation offers the plazaCard that makes it possible for every customer to freely and easily spend their plaza stable tethered coins. For users preference this plazaCard comes in both virtual (soft) and physical (hard) forms so as to make the use of cryptocurrencies within the e-commerce much more convenient. With plaza users are sure to assured of maximum security and privacy. It only allows the identity of plaza vendors (sellers) because consumers (buyers) need to know whom they are actually buying from. With plaza concierge, hands free mining rigs, smart speaker there is now a strong a possibility of an all round mining processes on the plaza’s merchant Chain blockchain. Plaza platform creates equality and at the same appreciates it loyal customers using the plaza lifestyle rewards, to achieve this it uses referrals, volume, loyalty with also opportunities for sellers to also develop their own kind of loyalty programs using the plaza lifestyle rewards framework. It has a contemporary plaza wallet that is actually decentralized, secured to function as a peer to peer system that can actually support different virtual currencies. Plaza token is called PLAZA, with protocol ERC20, hard cap 100,000 ETH and an exchange rate of 1 ETH to 5000 PLAZA.

CONCLUSION
Plaza is a conscious effort aimed at creating a high performing decentralized kind of e-commerce framework that can actually aid both buyers and sellers in their bid to benefit from blockchain technology. It has a uniquely modelled platform that edges out a centralised platforms within the e-commerce, it combines with blockchain and artificial intelligence to drastically reduce cost and at the same time maximize usage at the same time maintain not just the freedom of user but also his or her privacy. The plaza is an ecosystem that acts as bridge between technology and lifestyle. It is that which is all out to integrate emerging technological innovations into people’s day to day lives and also at the same time create basis for the prioritizing of safety, effectiveness, speed and utility.

If you need more information visit the following links:

Website: https://plaza.systems/

Whitepaper: https://plaza.systems/whitepaper

ANN Thread: https://bitcointalk.org/index.php?topic=3039594.0

Medium: https://medium.com/plaza-systems

Twitter: https://twitter.com/PlazaSystems

Telegram: https://t.me/plazatalk

Reddit: https://www.reddit.com/r/PlazaSystems/

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