aBey declares impressive e-commerce-centric blockchain adoption rate
Category: #retail  By Sunil Hebbalkar  Date: 2019-07-30
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aBey declares impressive e-commerce-centric blockchain adoption rate
  • The foundation is celebrating its first year of launch on 30th July 2019.
  • aBey announces excellent user growth on the first anniversary.

Lichtenstein based aBey Foundation has recently announced the adoption metrics of the globe’s primary e-commerce speedy blockchain, on the 1-year anniversary of its public launch. Ever since the public release of the aBey, the foundation has witnessed over more than 100,000 active users. Reportedly, aBey’s growth rate has surpassed Bitcoin’s initial growth by a factor of over more than eight times.

Malta based high-volume online payments processor-aPay Systems, has been claimed to appoint the aBey blockchain as the technical underpinning of the company’s service. Philipp Saurborn the CEO of aPay Systems was reportedly quoted stating that with 100 thousand transactions per second, the company’s users demand speedy transaction completions. Philipp stated that before the company switched on to aBey, the transactions would require almost about an hour or even days to complete, but now, with the adoption aBey, every transaction is completed in milliseconds. Philipp also exclaimed that other than aBey, there is no other blockchain which could deliver high speed and flexibility to its users.

As per Philipp, they aBey blockchain authorizes sellers to retain and motivate their customers while building trust relationships.

Reportedly, aBey’s key features include high speed which allows up to 100 thousand transactions per second, refundable transaction, essential loaning, on-the-spot lending using Vault Lending Gateways, support for affiliate marketing referrals and payment of commissions using trusted gateways, payment processing on chain and a simple crypto wallet, and unpaid services for optional account names. It has been claimed that aBeyWPP, a fully featured WordPress plugin would be introduced in the initial months of 2020, connecting click-to-buy and transaction status functionality to over more than 75 million websites.

Ciprian Pungila, the chief scientist and co-creator of aBey was reportedly quoted stating that, the foundation looks forward to a spectacular adoption as aBey has been designed and created to be the world’s fastest and reliable open source blockchain.

Source credit: https://www.businesswire.com/news/home/20190729005775/en/E-commerce-centric-Blockchain-aBey-Announces-Startling-Adoption



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Sunil Hebbalkar

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Sunil Hebbalkar

Sunil Hebbalkar develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development departm...

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