The Future of the Online Marketplace Arrives with Peddler.com Accepting Cryptocurrencies

The Sensational Sphere Of Cryptocurrencies Just Got A Tad More Exciting This Week, Especially For Those Who Have Crypto Coins With Them

Peddler.com is now the pioneer among crowd-buying platforms to accept digital currency. The online marketplace from Amsterdam is ready to welcome payments from all the popular crypto forms – Litecoin, Ethereum, Bitcoin, and others. The buck doesn’t stop there. By next month, Peddler.com will become a path-breaking startup to provide crowd-buys using crypto on cars across the EU.

What’s in Store?

The Peddler.com marketplace hosts an array of brands like Samsung, Nike, Dyson, and more. What sets the startup apart is its ability to tack the composite purchasing power of groups to provide discounts in the range of 20-50%. What this means is that Peddler.com is able to sell branded products across the test market of UK for prices cheaper than its counterparts, including Amazon.

James Klymowsky, Founder, Peddler.com, ascertains the reason behind the company accepting digital currency. James said, “We realised that we have a lot of consumers who hold digital currencies but have no place to spend them. So we expanded our crowd buying for this community. The crypto markets can drop if there’s a lack of general purpose application. With our platform, we see a real opportunity to provide real utility.”

To fathom the meteoric rise of cryptocurrencies, one must learn that cash in itself doesn’t hold any intrinsic value. Its value is the sheer importance of its acceptance in society as a medium of transaction for goods and services. There’re not many places in the world where cryptocurrencies can be used for the transaction of physical goods. This marks Peddler.com as an avant-garde marketplace where people with cryptocurrencies can purchase any product they wish to.

Ideally, that’s what the blockchain tech promises – a world where no middlemen are required. That’s what the essence of Peddler’s crowd-buy model is. Blockchain acts a digital ledger of all transactions based on cryptocurrencies and can’t be controlled by a single entity. Rather, blockchain is an ecosystem of computing nodes with the capability to self-audit. Each one of the nodes is like a blockchain administrator which voluntarily becomes part of the network, making it decentralized.

The Peddler.com USP

The model of Peddler.com is about creating an alternate, decentralized buying network. According to Klymowsky, AI is the enabler here to eliminate middlemen who in this context are big advertisers taking advantage of buyer data and then paying people to share what they seek. He believes that since it’s the data of buyers, they should be getting paid for it.

The Peddler.com business model presents a scenario where no specific company is the guardian of user data. Klymowsky is looking to take Peddler.com further in that direction. He adds, “Our ambition is to scale and become decentralised in order provide our AI and crowd buying capability to everyone everywhere — even one day cutting out Peddler.com itself.”

Customers will soon start to g******* for their data on Peddler. However, for now, they will be able to purchase products with cryptocurrencies on the Peddler.com platform as it looks to supplant the middlemen from the equation and pass the savings to its righteous place – customers.