An Intrinsic Utility for Cryptocurrency Via Dollarstore.com Marketplace
The surging price of bitcoin (among others) in 2017 led more than a few companies to hop on the cryptocurrency bandwagon with hopes of striking it rich almost overnight. Cryptocurrency prices have been highly correlated with bitcoin, falling in lockstep for the first half of 2018. Bitcoin soared to enormous heights late last year to over $19,000 for a single digital coin. Researchers now say price manipulation was the cause of at least half the rise the price of bitcoin and other cryptocurrencies at the tail end of 2017.
There’s no denying that cryptocurrencies are a major force in the investment world today. Over the past several years, what began as an experimental technological project with niche appeal has developed into a massive, worldwide trend with the potential for significant profits for investors. However, the exceptionally volatile nature of the nascent cryptocurrency market, compounded with the fact that it’s unregulated in most countries around the globe, makes investing in digital currencies quite the chore.
Dollarstore.com has created the most usable digital currency conversion platform to date and thus make any virtual currency a global Currency. Generally, Cryptocurrency prices have been highly correlated with bitcoin and have no proven use case. Dollar Store has developed a novel intrinsic utility for crypto currencies where these currencies are not just a mean for transfer of value or store of value.
Dollar Store has joined hands with Bila Group Inc to recreate the network of retailers and merchants and using Crypto Currency as mode of transaction.
Bila Group Inc. would like to partner with ICO where we are looking to create a rewards and loyalty platform that will permeate the online retailers of all shapes and size and connect them with their customers by Token. Crypto Currency will be awarded each time consumer buy — or, in certain markets where we run marketplaces, sell — items or services on the site. We already have created well-established market exchanges like dollarplusstore.com, dollarstore.com, Vitafoods.com, bila.com, fashionoutlet.com, mylocalmall.com, worldtradingcenter.com and myglobalmall.com where we will be accepting cryptocurrency.
We are looking to create one million member/affiliates and $100 Million revenue within a year. To compete with Amazon, we would follow Costco type membership site with 17 to 20% markup and subsidize fulfillment cost by awarding consumers crypto currency. By deploying block chain technology to store value, purchase, and profile data, we are scaling to facilitate a million transactions per second that empower retailers on the open web to provide a decentralized Amazon-like experience with recommendations powered by AI. Dollar Store is exploring way to apply blockchain to supply chain management, trading and other areas.
Per Rex Mehta e-commerce is the only way to make virtual currency’s original promise: an instant, affordable, and borderless means of payment for the consumers. We via ecommerce seek to create the most usable digital currency conversion platform to date, offering users an alternative to bitcoin, gold and fiat currency and make Virtual Currency a global Currency.