Xion Global Launching Beta Payments Platform: The Worlds First eCommerce & DeFi Solution for Web3 Payments & Rewards
The next generation of payments portals, Xion Global has announced the launch of its beta payments platform. Combining the irresistible perks of a Web3 environment, cross-chain capability, loyalty programs and cashback rewards, Xion readies itself to be the game-changer in the global e-commerce and finance industries. Essentially, Xion aims to be a Web3 Stripe facilitating payments for thousands of merchants and their customers when they shop on online stores and at zero costs.
Xion Global will launch the beta payments platform in early September where it will feature only a few merchants who will be required to provide feedback after utilizing the system. Suggestions on possible UX/UI changes, improvements and bugs will be obtained from these merchants. This will span 6 weeks giving enough room for the Xion team to make the platform ready for public launch.
As part of the beta testing, a few merchants will get featured listings on the marketplace on which thousands of crypto enthusiasts and token holders can purchase goods/services with the native cryptocurrency of the platform, XGT Token. Currently, there are more than 300 merchants who have signed up with their stores and are primed for participation. However, Xion Global will onboard only a handful of merchants for the beta launch.
The beta launch of the marketplace will revolve around XGT and xDAI tokens. As such, purchases can only be made with these tokens until other payment means are onboarded. The implementation of fiat payments is slated for Q1, 2022. Xion Global is also considering integrating other cryptocurrencies before the end of the year including ETH, BTC, USDC & others.
What Makes Xion Unique
The e-commerce industry is a multibillion-dollar industry with popular e-commerce platforms such as Amazon, Shopify processing a ton of transactions daily. Xion Global will act as an intermediary between merchants and their users connecting all from whatever point in the world. Crypto payments are receiving mainstream adoption already and Xion Global is looking to utilize this opportunity in bringing adoption to e-commerce. There are numerous benefits for both merchants and their customers. Some of these benefits include:
- 0% Transaction Fees
Since most of the transactions will be conducted via XGT and xDAI, Xion Global is introducing zero-cost transactions for shoppers. While making purchases, the only amount users are required to pay is the cost of the goods bought or service used, no chargebacks or extra costs are attached. Users also get cashback rewards if they pay with xDAI at checkout.
- Loyalty Subscription Programs
Xion Global, to prioritize regular shoppers, has introduced loyalty programs. There will be a trajectory to the way loyal and regular shoppers are viewed- that is what Xion Global will try to achieve with the subscription program. It will feature discounts on purchases in the form of compounded discounts. All these are geared toward providing users with more leveraging power to engage in further purchases.
- Web3 Hosted Checkout
The platform will include a web3 hosted checkout which users can utilize due to ultra-low transaction costs and processing speed on any popular shopping platform containing the hosted checkout such as Wordpress, Woocommerce, Shopify & others.
The hosted checkout has been made incredibly easy to integrate and use on any website with just 2 lines of code. Also, Xion Global will offer incentives in the form of transaction fees to any platform willing to deploy its web3 hosted checkout.
- High-Risk Industries
Xion Global is making a foray into the high-risk industries of e-commerce and finance. However, security is at the core of its products, both the payment gateway and other DeFi products such as liquidity farming and single asset staking.
Acknowledging the potential risks, Xion Global has built the payment gateway around a secure framework such that users would not have to worry about inputting their card details for fiat transactions or interacting with it via their wallets when making crypto payments. Either crypto or fiat payments, users’ data is safe.
- Emerging Markets
Xion Global is carving a niche for itself in emerging markets through all its products. A web3 payment gateway with little to zero transaction costs and other perks is not commonplace among the platform’s competitors. Xion Global is blazing a trail with products that are unusual and offer the best. Talk about decentralization, loyalty programs, absence of chargebacks, crypto (stablecoin and XGT) payments, cashback rewards- all these might look too good to be true, but Xion Global has unpacked all into one platform, making it a must-use.
Xion Global Roadmap
Before the end of 2021, Xion Global has plans to add more utilities to the platform, thereby providing more experience for users comprising merchants, shoppers, traders and DeFi enthusiasts.
Crypto to Fiat Withdrawal API Integration: Users will have the opportunity to convert their cryptocurrencies including native token, XGT to fiat and also make withdrawals thereafter.
Cross-chain payment methods: Owing to its cross-chain capabilities across Ethereum, xDAI and Binance Smart Chain (BSC), multi-chain payments can be made across these blockchains.
Other projects in the Q4 2021 roadmap include:
- Automated Interest on Sales Revenue
- Sales & recurring revenue analytics for merchants
- xDAI & XGT refunds
- API for web 3 checkout buttons(custom, variants etc)
- Fiat to crypto preparation
- Metaverse preparation
Back in June, Xion Global successfully launched and completed its Initial DEX Offering (IDO) on IDO incubator, TrustPad & BSCPad. In the same month, GD10 Ventures became a partner to Xion Global in a landmark collaboration aimed at bringing firms with the same vision into the platform.
Xion Finance also has backing from several investors and partners such as Skyvision Capital, Tokenova, Everse Capital, Twin Apex Capital, Metrix Capital and many others.
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