Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Blockchain startups join forces to disrupt global ecommerce

Payments and ID platform Nuggets strikes up partnership with e-commerce marketplace innovator Storiqa

London, UK – 8 May 2018: Nuggets, the blockchain e-commerce payments and ID platform, today announced a collaborative partnership with Storiqa – the blockchain startup that removes marketplace barriers for small and medium-sized (SME) retailers, and builds trust with their buyers.

Both companies are using complementary blockchain technology to fundamentally disrupt ecommerce. They make it easier for retailers to compete, and for consumers to enjoy simpler, more secure, more valuable online purchase experiences.

Storiqa was founded in August 2017, with the aim of helping SME retailers and producers ‘set up shop’ in just an hour, with minimal financial borders and global transactional fees. It eliminates fake or spam reviews using a blockchain-based smart review process.

Nuggets CEO and founder, Alastair Johnson, said: “We are delighted to announce a collaborative partnership with Storiqa. It’s a great business with the same mission as us – to make e-commerce work better for retailers and customers alike.Our technologies complement each other perfectly, and we look forward to working together.”

Storiqa’s multi-currency wallet allows fast and safe transactions in both its own STQ tokens, other major crypto currencies, and in traditional currencies. Payments are dramatically accelerated (often from months to minutes), and transaction fees minimised. Its self-sustaining STQ token economy provides higher cash-back to buyers, while sellers get access to preferential platform features.

Nuggets uses blockchain technology to enable people to make payments without having to share their personal data. That makes e-commerce simpler and more secure, while eliminating the time-consuming task of entering username, passwords or payment details.

Users also only have to update their details once – in Nuggets – rather than having to manually re-enter sensitive details into dozens of accounts. Then they can use biometric security on their devices to pay, login, or verify their identity.

Nuggets flags every successful transaction to merchants – without revealing the user’s information. Over time, this means the user develops a trust profile, proving their status as a good actor in the network, using reliable payment methods.

Right now, consumers routinely give away valuable information to companies. With Nuggets, they can choose to share elements of personal data, such as an email, in return for Nuggets Tokens, which they can use to buy products and services from participating merchants.

Storiqa, which has a market cap of over $20million, releases its MVP in August 2018. It is offering a 60-day free trial to attract sellers and increase product range and availability. After that trial, Storiqa offers the lowest fees for platform usage of any major online marketplaces, for continued use. Small-scale producers interested in boosting sales and finding new markets are encouraged to visit http://vendors.storiqa.com/.