Digital Payments adoption increasing worldwide due to the rise of our technology. People started carrying less cash and they are now switching to e-wallet as a payment method for their bills and shopping. According to Modor Intelligence’s report, by 2024 it is expected to reach USD 7640 billion. We cannot deny that there is robust growth in payment industry over the last decade with the proliferation of the internet. Because our global economy moves towards digitalization, the speed and convenience of digital transactions via smartphones has been recording a healthy growth.
It is also projected from the latest report of Persistence Market Research, that global market value for consumer mobile payments will reach US $27.8 bn value by the end of 2026. Consumer mobile payments have now become tremendous worldwide. It is because of mobile phones nowadays served as wallets for consumers and also because of the growing development of e-commerce platforms.
I. WHAT IS ECOM TOKEN (ECOM WALLET)?
Many of us are having a hard time to pay bills and purchasing our favorite products both in actual and online stores. Ecom Wallet is an electronic mobile wallet which is highly recommended for everyone. Ecom Wallet can be used for online payment platforms, mobile payments and it is also used as a payment guarantee for online payment transactions. The goal of Ecom Wallet is to be cashless for payment instruments in the future globally and to become the largest company in the mobile payment industry like Alipay within next 3 years.
In Japan, the latest research shows that shoppers spend more when they use QR payments. With Ecom Wallet’s mobile application, it will be reachable to users from farmers to middle-class people to make easy payments using QR code. Ecom Wallet will be beneficial to merchants and businesses as the user metrics will be accessible to them that helps to analyze their consumers and forecast their sales in order to control their cashflows. Buyers or consumers will also gain benefit from Ecom Wallet without using cash, as they will experience fast, convenient, safe and transparent payment transactions from merchants.
Ecom Token is connected with banks to release physical cards like Master Card, Visa Debit Card for Products, Credit Card and its own branded card. Consumers can also transfer their assets quickly from EcomWallet to their bank cards. Within the EcomToken Ecosystem, investors can use their digital assets for transactions and consumptions in which Ecom Wallet will associate digital assets with bank cards to build connections between digital assets and real-world assets.
II. INTRODUCING THEBAND
Due to hacking issues, it is not safe anymore to store your digital assets in cryptocurrency exchanges. And it came up with the concept of this unique device called TheBand! TheBand is considered the World’s first healthband device with Hardware wallet integration and ECOM integration. This fitness band device is highly recommended for everyone in order for them to experience the convenience which integrates with Gymbase’s GYM Rewards app. This fitness band is used for securely store your cryptocurrencies and also used for mining major cryptocurrencies through its heart rate monitor and POE (proof of exercise) capabilities and also served as a multicurrency hardware wallet.
TheBand has two different but beneficial roles dedicated to health-conscious people and moneymakers. It is a health band monitor which is capable of monitoring cardio activities, while it can be also used as a hardware wallet for securing your cryptocurrency with has a capability to stake GYM and ECOM token.
III. CAPABILITIES OF THEBAND DEVICE
The capabilities of TheBand device is eye-catching to us. Let’s have a brief discussion regarding the capabilities of TheBand in terms of Health and Finance.
For Health:
Bluetooth Heart Rate Monitor — TheBand has a Bluetooth heart rate monitor with the purpose of mining your Cryptocurrency in GYM Reward’s app.
Monitors Blood Pressure — Are you having a hard time to figure out your blood pressure? There’ll be no worries anymore because TheBand device can continuously monitor your blood pressure up to 24 hours a day.
Calory-Burned Measurement — If you are curious to estimate your calorie expenditure, TheBand serves as an automatic wrist heart rate that continuously tracks the measurement of all calories you burned in the whole day.
Simplified Heart Rate Zones — Using this simplified heart rate zones, you can easily now maximize your workouts (Fat Burn, Cardio, and Peak).
Track All-Day Activities — It is very vital for us to record our all-day activities to see the outcome to our healthy body. TheBand gives you the opportunity to track your all-day activities like steps, distance, calories burned, floor climbed and active minutes.
Automatically and Wirelessly Sync Stats — WIth TheBand device, it is automatically and wirelessly to sync stats to your computers and also to devices in 200+ leading iOS, Android and Windows.
For Finance:
GYM and ECOM Token Staking — TheBand device integrates with Hardware wallet in which users can stake up to 5% staking rewards in GYM and ECOM tokens.
Send and Receive Cryptocurrency — You can easily send and receive cryptocurrency into your phone and computer without any hassle using this Multi-Cryptocurrency Hardware Wallet of TheBand device.
Wearable Multi-Currency Wallet — You don’t have to leave your assets in your home. This device can be a great accessory bracelet for you which is wearable at all times. Your wallet files and assets are 100% secured.
IV. ADVANTAGES OF THEBAND
There are also advantages of the THEBAND device. First, your bracelet or band can be worn at all times with its built-in hardware wallet. Second, in this secured hardware device you may store your private keys without any worries. Third, it can organize multiple cryptocurrencies and tokens. And fourth, you can easily confirm all transactions on your device.
V. SUMMARY
To summarize, TheBand serves as a hardware wallet of your crypto assets and health monitor at the same time. With TheBand device, you can now securely store your cryptocurrency and mint many different tokens with the GYM Reward’s App of Gymbase.
Follow our official links for more details and updates:
EcomToken Web — https://ecomtoken.com/
Telegram — https://t.me/globalecomtoken
Twitter — https://twitter.com/TokenEcom
Facebook — https://www.facebook.com/global.ecomtoken
LinkedIn — https://www.linkedin.com/company/14688970
Youtube- https://www.youtube.com/channel/UCKyjFWsd1VNxZx_wgCO4WzA