Two blockchain-focused startups are teaming up to allow Amazon purchases with ethereum.
In a press release revealed Friday, crypto funds agency CLIC Technology stated it’s collaborating with blockchain infrastructure supplier and B2B platform Opporty to develop an app-like browser extension permitting Amazon clients to pay for gadgets within the ether (ETH) token, despite the fact that Amazon itself doesn’t settle for cryptocurrencies.
The effort will probably be based mostly on Plasma Cash, a know-how outlined final March by ethereum founder Vitalik Buterin. Opporty’s implementation of the idea – a funds scaling answer comparable to bitcoin’s lightning community – “will bring a modern day cryptocurrency economy one step closer to becoming a reality,” trumpets CLIC within the launch.
The Plasma Cash implementation would “dramatically accelerate” transaction speeds compared with these on the ethereum blockchain, the agency added.
“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries,” stated Roman Bond, CEO at CLIC Technology. “We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.”
Going ahead, the 2 corporations plan to construct comparable cost merchandise for different cryptocurrencies too, itemizing ERC-20, ERC-721 and different ethereum requirements as choices presently being thought-about.
CLIC Technology is creating a crypto-payment platform referred to as CLICPay, which is now within the pilot part, in accordance to the discharge.
Amazon app picture by way of Shutterstock