CryptoCart will integrate the UTU Trust API into their marketplace for socially-powered verification of trustworthy vendors and buyers and accept UTU as a payment method.
Hello UTU Trust Guardians!
We are excited to announce that we’ve partnered with CryptoCart to launch the UTU Trust API into their digital marketplace!
UTU Coin will also be accepted as a form of payment on CryptoCart.
Read on to learn more about how we’ll work together.
What is CryptoCart?
CryptoCart is a digital marketplace that is bringing eCommerce to decentralized finance (DeFi) through cryptocurrencies. The team’s vision is to make eCommerce accessible to everyone in the world. Consumers across the globe can use cryptocurrencies to buy goods or gift cards affordably on CryptoCart. Benefits include access to worldwide shipping through partners in Europe and the US with no regional limitations on product availability. Customers can also make unlimited orders with better discounts based around the loyalty scheme that is built around CC Token holdings.
How UTU and CryptoCart will work together
By integrating the UTU Trust API into the CryptoCart marketplace, customers will be able to view contextualized recommendations and ratings from similar customers. Features that will be available to users include the ability to add badges and video stories while making reviews. Vendors will benefit from increased conversions and sales that are otherwise curtailed by anonymous or fake ratings that put off buyers.
In future, the API will allow CryptoCart to connect social platforms so that customers can see what people in their circles think about vendors and products. The entire system is fully based on permissions and would offer information based on data provided. This will enable customers to make purchase decisions in a more trusting environment. An improved customer experience means they will come back for more and bring their friends too.
CryptoCart will also add UTU Coin as a spendable currency across the marketplace, increasing the utility of the token. CryptoCart will also reward the UTU community with UTU-specific ERC1155 discount vouchers to spend at checkout!
“It’s exciting to work with CryptoCart to bring socially-powered recommendations to its digital marketplace. Trust is a big driver of customer behaviour online and we’re passionate about building models that are as close to the real world as possible. The UTU Trust API will help both vendors and buyers have a better experience online. eCommerce is a big industry for us, and we can’t wait to work with CryptoCart to grow trust in the space.”-Jason Eisen, Founder and CEO of UTU
“The CryptoCart team are delighted to be working alongside the team at UTU with the joint goal of integrating the UTU Trust API into the CryptoCart marketplace. The benefits are two-fold. Firstly, we are excited to deliver on our ethos of working in partnership with others to provide enrichment to the existing offerings within the crypto e-commerce space, and secondly, we are happy to help deliver digital trust to consumers and vendors on the CryptoCart platform by teaming up with UTU to integrate a powerful mechanism that allows reviewers to leave honest feedback on products, services and purchases.”– Felix & Leon, CEOs of CryptoCart
CryptoCart aims to truly bridge the gap between decentralized finance and e-commerce to make it accessible to everyone, globally.
CryptoCart is a digital marketplace where consumers can spend cryptocurrencies on real-world goods or gift cards in an affordable way and with worldwide shipping, whilst offering a comprehensive rewards system that incentivizes users to conduct business on the platform. These will include discounts, cashback, promotions and loyalty schemes.
UTU’s mission is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. We do this in service of our vision — to bridge the gap between how we trust in real life and how we are asked to trust online to make the internet a safer, more trusted place to gather, share, work, and trade. We are proudly based in Nairobi, Kenya.
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