Paywithsteem : We Are Officially Registered As PAYWITHSTEEM LTD!

Our team has come a long way since 4 months ago in November 2017. When we first started up this project, we saw it as an opportunity to create the first B2C (Business-to-Consumer) e-commerce initiative on the STEEM blockchain. Like all start-ups, the first stages have been a challenge to close the gap between our vision and the consumers needs.

We kept our fingers crossed and grit our teeth despite the dips (or some would call it a 'crash'), and we're proud to announce to everyone today that Paywithsteem is now an official registered company in the UK!

How Far We've Come

Gauging from the response about the project on our Discord channel, we found a bigger market beyond just offering an e-commerce platform to shop. Previously, Paywithsteem was aiming to become the e-commerce cornerstone on the blockchain. Like AMAZON, except we trade in STEEM or SBD.

After analyzing external factors, however, we have concluded that the wiser move is a slight tweak in our business direction.

Think Purse.io, but on STEEM. This gives all Steemians access to a seamless shopping experience with payment in STEEM or SBD. Basically, all Steemians will be able to buy anything online using STEEM or SBD, through our service. This means that as soon as we launch our service, no matter where in the world you wish to shop, you'll have the option to pay for your things online with STEEM or SBD (we only charge a small fee).

Currently, the team is raising funds to automate the entire process.

As we're preparing this post, a fellow Steemian web developer is currently working on revamping our website. We want to automate Paywithsteem and move away from Shopify's layout. This whole revamping thing brings about a few benefits as follows:

Providing the Steemit community with a quick, secure, and hassle-free shopping experience with STEEM and SBD
With no operations person in between, we are able to lower our fees of 20% to as low as 10%
This also means no human error
With less operations work on our hand, we can focus on expanding regionally (beyond USA and UK)

Disclosure

Hence we're announcing that from now on, all SBD generated from our posts will be turned into STEEM via the internal market. In the event that we did not manage to rake in $10,000 via payouts for our posts, we will power down our SP to withdraw the profits earned in order to sustain our project.

If you have any questions just ask below!

A huge thank you from the @paywithsteem team for any support received!