Home / Coin Payment / Cryptocurrency in Action: the new Gifto e-commerce platform live in Taiwan

Cryptocurrency in Action: the new Gifto e-commerce platform live in Taiwan

Photo: GIFTO Creators / Facebook

Photo: GIFTO Creators / Facebook

Despite the name, cryptocurrencies are very difficult to use in normal daily transactions. Much of the problem is the lack of adoption by major retailers due to price volatility and the persistent reputation of ICO scam, but even if this is not the case, convoluted exchange gates ensure the purchase of something as simple as a rubber mule would require a myriad of steps and more online platforms if you were to use a cryptocurrency. In 2019, Gifto wants to change this narrative with the launch of its e-commerce platform, where the goods of the best Taiwanese brands can be purchased simply at the touch of a button.

No cheesecake, tea or gift cards from the best Taiwanese brands like Cheese Duke and Holiday KTV can now be purchased with Gifto (GTO) directly from the innovative portfolio and website of the project. You never need to visit an exchange or create a Coinbase account. As long as a user has access to their web portfolio, he has direct access to the store.

The project avails itself of the support of the Asia Innovations Group (AIG) in order to circumvent the convoluted exchange ports that keep the encryption out of the hands of the general market. Leveraging Uplive, AIG's live streaming mobile product, Gifto is able to place its wallet within the app and give 5 million Taiwanese Uplive users access to the growing catalog of Gifto E-Commerce offers.

Gifto is also trying to untangle the network of processes involved in the purchase of cryptocurrencies by providing a direct gateway to GTO with the ACE exchange in Taiwan. The team behind Gifto is taking advantage of Taiwan's crypto-friendly market and crypto-friendly rules to increase access to the token, as well as driving its use. Together with ACE, this initiative includes the strategic partnership of Gifto with the Asia Blockchain Accelerator (ABA) of Taiwan, the first blockchain accelerator supported by the government in Asia. Working with ABA, Gifto helps transform services into multiple sectors and build projects that generate real economic value. With e-commerce now in place, Gifto is building a value network in Taiwan that provides for mass adoption in 2019.

Gifto is now in a token elite class like Bitcoin, where real-world applicability has gone beyond the white paper and service delivery activities for consumers. The market responded enthusiastically to the development of Gifto e-commerce, and Gifto's profile grew rapidly in the volume of exchanges and rankings. If 2018 were a warning that the cryptography industry can not be sustained by hype and speculation, then 2019 is the year when industry has to show that behind all the noise there is no. It is a revolutionary technology that can allow a more transparent, fair and amusing exchange of values ​​online. Projects such as Gifto lead the charge by providing cryptocurrencies that are not content to transmit curiosity, but instead generate real economic value through tokenised services.

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