Crypto.com interview Shopping.io’s Founder & CEO, Arbel Arif
Extract from Crypto.com Newsletter
Shopping.io is Crypto.com’s featured merchant.
Shopping.io bridges the gap between eCommerce and crypto, letting you buy anything on eCommerce giants Amazon, Walmart, and Ebay with crypto. Here is what their CEO has to say about the future of retail.
Q: Why do people like paying with crypto?
Paying using crypto is the next step of its evolution into being accepted as a legitimate form of currency. The two main reasons we have identified for why people like paying with crypto are:
The emotional investment in a new form of technology fuels a desire to see its developments in action. Being able to purchase a new iPhone on Amazon with your crypto profits makes for a thrilling and innovative shopping experience.
The crypto space has trillions of dollars in untapped wealth waiting to be set free. Giving people the opportunity to utilise this wealth directly allows for a more seamless interaction with their holdings, avoiding the cumbersome process of transferring back to fiat through an exchange.
Q: What’s the last thing you paid for in crypto?
The last thing I purchased using crypto was on the Shopping.io platform. I bought some items for my baby daughter, including toys, a playmat, and a crib. And of course, I used Shopping.io’s native token (SPI) to make the purchase and enjoyed the discounts and the free international shipping we provide.
Q: What’s the most common question you get from your customers?
The majority of enquiries we get are related to the upcoming developments on our products and regarding our native token. For example, we are currently in the process of launching a Shopping.io web extension that will eventually allow users to shop with crypto on any eCommerce store.
Q: How did you get interested in crypto?
I began my crypto journey in 2016 as a trading and crypto enthusiast. At that point, I had already obtained a substantial amount of experience and connections in the eCommerce industry, which allowed me to create a solution to a big problem that crypto was and still is facing — the ability to use crypto as a form of payment.
This was the spark that started Shopping.io. The company allowed me to expand my knowledge and sphere of influence within the crypto space, leading to the eventual creation of a strong eCommerce platform that allows shoppers to purchase from Amazon, eBay, Walmart, and Home Depot with over 200 different cryptocurrencies.
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