Blog Post: Shop your way through the @Pay Eco-system

As the world advances further into the digital age, the way we interact with everything is changing and shopping is no exception. Many people may be familiar with the emergence of buy-now pay-later options such as Afterpay. However, shopping via a buy-now pay-later system merged with blockchain technology/cryptocurrencies is a new concept that’s here to revolutionize how we shop. @Pay blends these two systems together (though their platform is not limited to just either of these options), to enable a greater amount of flexibility and ease when you shop.

Let’s get into it, what is @Pay? The @Pay eco-system allows users to purchase goods from merchants both online and at participating stores through the medium of decentralized finance (amongst other use cases). Decentralized finance is a growing sector within the cryptocurrency industry that utilizes blockchain technology and smart contracts for various things such as in this particular case lending and shopping. This decentralized aspect opens up a whole new way of shopping using cryptocurrencies whilst also still having the option to use fiat currencies. Furthermore, there are options for buying now and paying later, as well as paying upfront so you have the variety to choose what works best for you.

Excellent, so how does this shopping system work exactly? Well, the answer on that depends upon how you would like to shop. Firstly, let’s look at the buy now pay later option if that’s what you’re after. @Pay will start you off with a minimum of $250 credit once your application has been approved. There are no interest payments on this, and it can be paid back in 4 installments over three months. Whilst other systems may charge heavy fees for late payments, @Pay will only charge you a $6 administration fee per month if you’re late on a payment. When you make your repayments on time you’ll be rewarded with an amount of the @Pay governance token.

If you’re using the @Pay eco-system to shop, you should probably be aware of the utility that the @Pay governance token can provide. The @Pay governance token can be used to shop at a range of different merchants within the @Pay eco-system. As well as this, you have the option to use the governance token as a means to increase your credit limit if you’re using the buy now pay later option as well. The @Pay governance token also gives you the power to vote on future outcomes of how the platform will be utilized. The choice in how you use this for your own personal shopping style is up to you.

What if buy now pay later isn’t the option for you? No problems, @Pay gives you the freedom to shop upfront and with a variety of currencies. Whether that’s utilizing decentralized blockchain technology to shop with a range of cryptocurrencies or with fiat currencies such as the Australian or U.S dollar for example. The @Pay platform also has an in-built digital wallet so that you’re able to conveniently store your money in whatever form you like on the same platform that you can also shop from. It’s also worth noting that you can stake your stable coins with @Pay in order to passively earn rewards such as the @Pay yield token, which will accrue yield annually.

Great, so what sort of options do we have when using the @Pay eco-system to shop. @Pay has a wide range of partnerships and inter-operability with multiple systems within the @Pay eco-system, so that users have a wide variety of options for how they can spend their funds. From chocolate or clothes through to holidays and accommodation, @Pay has you covered. @Pay has targeted merchants small and large with various partnerships so that you can buy things from smaller niche markets as well as targeting larger partners so that you may have options such as Netflix, Harvey Norman, Amazon and eBay. This ensures users of the @Pay eco-system have a medium which not only lets them control how they shop but also a wide variety of choices for where they can shop.

@Pay provides its users with the opportunity to participate in a world of decentralized finance. This is a segment of the cryptocurrency industry, which will only continue to grow. Whether it’s the reasonable lending options or the flexibility of how you can shop, @Pay provides an easy to use platform enabling these options. This is all whilst being connected to an eco-system, which offers you a wide range of choices that you deserve as a consumer. If the opportunity to shop in a manner customizable to your wants is appealing to you, then shopping with the @Pay eco-system will be worth your time.