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One thing that we can all agree on is that the world is coming to realize that Cryptocurrencies and Blockchain Technology is the future, for those individuals who were aware when the internet was invented, they would have confirmed that this seemingly indifferent reception that we are seeing with Cryptocurrencies are actually how the Internet was first received when it was introduced to the masses. It began with distrust however as time went on, it has gotten to the stage where many individuals cannot enjoy life for up to keep 24hrs without utilizing the web.
Digital forms of money has made some amazing progress from it's modest beginnings, it is currently a market that is comprised of over 3000 digital assets and has a MarketCap of about $133,000,000,000 (One Hundred And Thirty Three Billion Dollars) with a userbase of more than 55 million individuals worldwide and projected userbase of hundreds of millions of users before the end ofa2019, the development of Cryptocurrencies has been gradual but even with the over 3000 Cryptocurrencies that exists now, very few of them.can actually boast of a usecase that enables users to buy goods and services directly with Cryptocurrencies.
As a Cryptocurrency Enthusiast, I have been dreaming of.something like this for a long time now and it is with great joy that I present to you this project that a stumbled on recently, a project that you'll enable you to purchase items online inyour favourite e-commerce outlets and pay with Cryptocurrencies, sounds unbelievable right? It is not possible thanks to Chimpion, read their Whitepaper.
THE PRESENT PROBLEM
Data is worth a lot, infact it is said that data is now worth more than gold and for this reason, dubious individuals has taken it upon themselves to obtain personal information of people illegally and one of the best places to get this information is in e-commerce platforms, Security has been a major problem facing e-commerce in recent times, because of the treasure trove of personal information floating in the databases of most of them, Below are examples of some of the most devastating e-commerce breaches in recent times;
TAGRET STORES: In December 2013 the world woke up to the news that Target Stores database was breached and the individual/credit data of more than 110,000,000 individuals was collected.
eBay: In May 2014, people woke up to the news that e-commerce giants eBay's suffered a data breach that saw the individual data of it's customers has been stolen, the people affected in the digital assault are 141,000,000 people.
HOME DEPOT: The data breach of this major building materials provider in September 2014 affected around 56,000,000 Customers.
WHY CHIMPION IS NEEDED
Chimpion is an advanced cryptocurrency wallet with a Crypto-to-fiat settlement System and would also serve as a Cryptocurrency POS for e-commerce stores, The Brilliant personalities behind Chimpion knows opportunity when they see one and they saw this lack in the Cryptocurrency Ecosystem and that is the reason they built up Chimpion to fill this void in the web based business area and with this advancement.
Cryptocurrency acceptance is growing rapidly and in one aspect that we have seen this is in the decentralised gambling sector where people can place bets with Cryptocurrencies, there is one popular decentralised gaming platform that over $300,000,000 was wagered in just a few months if operation, so imagine if this same thing is applied to the e-commerce sector, it would give it a very huge boost in the right direction. Below are some advantages of Chimpion;
**E-COMMERCE/CRYTPCURRENCY BOOSTING: Just like the Boost in the betting sector when cryptocurrency betting was introduced, when cryptocurrency payments are introduced to e-commerce platforms, it is likely to boost it as well, we would see an era of fast and anonymous payments for good and services.
SECURITY: I surmise this one is as of now is self-explanatory, programmers can't hack what does not exist and one of the best features of Cryptocurrencies is Anonymity, with Chimpion there would be no more data breaches, there would be no more hacked personal information and there would be less money spent on fees.
THE BCD PAY WALLET
Chimpion is working closely with three noteworthy projects and they are cooperating to improve the state of web based business around the world, so far they already jointly developed a secure cryptocurrency wallet called the BCD Pay Wallet and this wallet is available for downloded in both android and iOS devices.
ROUNDING UP
CHIMPION isn't just any fancy writing on an extravagant whitepaper, it is an undertaking with some effectively working product with ground-breaking parrnerships and a hardworking and dedicated team, the Chimpion Token (BNANA) can be exchanged Mercatox Exchange and can also be found in CoinGecko.
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My Bounty0x Username: Ucheman