Gate.io and Uquid Bring Seamless Crypto-Friendly Shopping to The Gate.io MiniApp
By the year 2025, global e-commerce sales are forecasted to account for 24.5% of the $31.27 trillion in retail sales worldwide, according to Statista. Additionally, crypto usage has continued to rise over the years, with many companies unveiling Web3 innovations that fill the ever-growing need for a more crypto-friendly internet.
Uquid.com, a Web3 e-commerce platform, is bridging the gap between crypto users and retail shopping, offering millions of physical and digital products ranging from fashion and appliances to gamecards and bill payment services. On Uquid, shoppers can directly connect their digital wallets, receive DeFi cashback and staking rewards, and purchase products using hundreds of cryptocurrencies on mainstream chains such as Ethereum. Also, unique to the platform, shoppers can pay with crypto in periodic installments with zero interest and no fees using PayIn3, Uquid’s “Buy Now, Pay Later” implementation.
To help bring Uquid to more crypto users worldwide, it’s now launching on the Gate.io MiniApp, a platform that hosts third-party applications built directly into Gate.io’s mobile app. The new partnership will allow millions of Gate.io users to access Web3 online shopping seamlessly.
Gate.io Founder and CEO Dr. Han Lin stated: “Uquid is a pioneer in Web3 e-commerce, and our new partnership will expand the possibilities for millions of Gate.io users, bringing online shopping with Web3 technology at its core to the Gate.io MiniApp.”
Gate.io MiniApp Director Feng Zhou stated: “By launching Uquid on our MiniApp platform, we aim to build the Gate.io app into a more comprehensive and user-friendly ecosystem. We believe crypto exchanges which can bring Web3 into people’s daily lives and, in the long run, will stand out from those focusing only on trading and investment activities.”
Uquid spearheaded Web3 e-commerce when it launched in 2016. It grew to accumulate over 1.25 million users by Q2 2022, with access to over 65 million digital and physical products. The platform also hosts a thriving NFT marketplace and digital store, expanding beyond traditional retail shopping.
When speaking about the new partnership, Mr. Tran Hung, the CEO of Uquid, said: “We are proud to have partnered with Gate.io, one of the oldest cryptocurrency exchanges, combining the strengths of Uquid’s web 3.0 infrastructure and Gate.io’s millions of traders. We are committed to jointly developing a user-friendly Web 3.0 marketplace.”
Expanding further, the Business Development Manager of Uquid, Ph.D. Baobie stated: “Collaborating with Gate.io is a part of Uquid’s plans to further expand Web 3.0 and Defi into users’ daily lives and to serve a broader community in a more convenient and user-friendly manner”.
With this new MiniApp partnership, Uquid can now tap into a broader userbase through deeper integration into the Gate.io ecosystem and enhance and develop more advanced decentralized features. By enabling further growth opportunities, Uquid can better provide its innovative Web3 shopping solutions to more global customers in the ever-growing global e-commerce and crypto markets.
About Gate.io MiniApp
The Gate.io MiniApp is a new platform hosting third-party applications that provide users with cryptocurrency-ready shopping, games, services, and more. In addition, the platform expands the realm of possibilities for cryptocurrency usage and spending, exposing high-quality Web3 applications to millions of Gate.io users worldwide, as it’s integrated directly into the Gate.io mobile app and supports GatePay as a payment method.
Founded in 2016, Uquid Card is the first payment card that connects to multiple Altcoins. As a crypto payment card pioneer, during Q3 and Q4 of 2016, Uquid reached 11 million global transactions. Therefore, Uquid was one of three Blockchain projects honoured at the 2017 TechCrunch Disrupt event in San Francisco. Since 2018, Uquid has quietly developed its e-commerce project along with Defi smart payment solutions. In 2019 Uquid Digital Shop launched with more than 54,000 digital products.
Today, with more than 65 million physical and digital products, this launch will be an essential milestone of the project with the ambition to build a bridge between e-commerce and smart shopping solutions made possible through smart contracts. Uquid’s goal in 2022 is to continue increasing the number of physical products to 5 million and expand Defi payment solutions to other networks, including Binance Smart Chain and Cardano. Uquid is also researching and seeking new partners who can jointly develop a Metaverse solution to help Uquid Online customers have the same real-life shopping experience but within virtual worlds.