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After successfully completing its public crowdsale in May by raising over 10 million USD, the Eligma startup is now well on its way towards disrupting commerce with the latest technologies. The first of its roadmap milestones was reached on 5 September by presenting the MVP in the form of Elly, an AI shopping assistant. Elly is training to help users with personalized product discovery − suggesting not only the best price for the features important to the user but also alternative products with better qualities for the same or less money. On 12 September, this product will be followed by Elipay, a solution for paying with cryptocurrencies at online and offline stores to further the use of crypto in the mainstream. Arriving at the market ahead of the roadmap, Elipay is expected to be present at about 100 stores at the time of its launch. Numerous other innovations are to follow, enhancing daily shopping with AI and blockchain.
Bitcoin will replace cash and card payments in the near future. This is a statement you’ve heard often. From its ease of use to the elimination of third-party payment processors, Bitcoin could be the ultimate payment method for the future. However, according to recent research, the reality on the ground is quite different. The research revealed that Bitcoin transactions in commerce have declined by a great margin from last year’s record highs. The decline has mirrored the plummeting prices of most cryptos this year. High transaction costs and volatility remain the biggest challenges, according to many merchants who have steered clear of accepting cryptos.
Finding and selling the right product online is a chore in and of itself, with what feels like an infinite number of online shops, vendors, and loyalty programs wasting your time and keeping your personal information far from secure. Luckily, Eligma is about to change all that.
Every Household is a Business
Eligma is a cognitive commerce platform which aims to change the way people discover, purchase, track and resell items online by utilizing both artificial intelligence and blockchain technology.
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Stories and Sources:
0:28 **MyCrypto gives back the MEW twitter account**
— MyCrypto.com (@MyCrypto) February 15, 2018
2:30 **Binance will register your EOS tokens**
Anyone who holds $EOS tokens at Binance and is concerned whether or not they have to register the ERC-20 tokens themselves in order to receive genuine EOS tokens when the new blockchain goes live – I finally had a reply from Binance pic.twitter.com/7xDeCFSwPT
The traditional payment sector is still struggling to find solutions against fraud, especially when it comes to online fraud detection. Credit and debit cards, as well as any payment processor making use of these payment methods, can be cancelled, reversed and disputed at any time. Merchants and retailers are expanding their presence online, which only invites more fraudulent payments. Bitcoin is a clear-cut solution to this problem, but maybe Ravelin has a temporary fix on hand as well.
Make sure to read: Portugal’s Financial Woes Threaten Eurozone – Bitcoin Effort Imminent?
There are quite a few everyday consumers who wouldn’t mind switching retailers if they started accepting Bitcoin. Brand loyalty is not what it used to be a few years ago and there is very little competition between retailers in terms of pricing. The only key area to make a difference, is what types of payment methods are accepted and Bitcoin could be a determining factor in the next few years.
One of the upcoming features mentioned in our previous KoreCoin articles is called KOREPhone. At first, I assumed this was just another functionality for their KoreVoIP solution, but it turns out KOREPhone is an actual smartphone. Some more details have been provided in a recent press release, so let’s take a look!
The KOREPhone will integrate the KoreCoin system for both commerce and communication purposes, which opens up a lot of possibilities for both consumers and merchants alike. One of those features is sending wallet transactions anonymously, by using the KORE network.
ATLANTA, GA — August 28, 2014 — BitPay, the world leader in business solutions for the bitcoin digital currency, today announced that it has become a Demandware LINK Technology Partner. BitPay will be joining a best-of-breed community committed to accelerating the adoption of innovative commerce technologies that are complementary to the Demandware® Commerce platform. Demandware’s clients will now be able to easily add bitcoin as a form of payment thanks to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.