Want to buy top-rated games like ‘Black Myth: Wukong’ at significant discounts? Looking for an eSIM for your next trip around the world? Or simply new clothes for you and your family? All these on a single platform and with the use of crypto! Meet Uquid, a leading Web3 shopping infrastructure that offers innovative payment methods for crypto users. Lola, Head of Business Development at Uquid, shared valuable insights into the latest innovations of this shopping platform. Here are the takeaways of this AMA session on LetsExchange Spaces.
John from LetsExchange: Hey, everyone! Welcome to the 20th episode of LetsTalkCrypto. Today, we're talking with Lola, Head of Business Development at Uquid, and Nadine, Head of Business Development at LetsExchange. For those who don't know, Uquid is a leading Web3 shopping infrastructure with 169M+ products and the ability to pay with Bitcoin and other crypto across 200 countries. So, Lola, what's been happening at Uquid?
Lola: There's a lot of things happening at Uquid these days. As we know, the meme card is really hot, like Obzor Combat or Dark Catty. At Uquid, we want to engage in that trend, so we launched a lot of voting and minigames to learn more about our users’ insights. If you want to earn some time and a reward, just click on Uquid and follow us for more events. Just a little hint, there's something coming up for Halloween.
John from LetsExchange: Part of your strategy is a multi-chain approach. Can you explain how it benefits the end-user when shopping with crypto?
Lola: Uquid’s multi-chain strategy is all about providing flexibility and choice to our users. We believe that, with this approach, users can switch between blockchain networks based on their preferences or network conditions at the time. For example, when the Ethereum gas fees are high, you can switch to another chain like the BNB chain to avoid those costs altogether. That is all about giving users control over how they spend their crypto and assets.
By supporting different chains, I think we also open the door for a wider variety of tokens. This means that users can shop using not just major coins like Bitcoin or ETH but also lesser-known altcoins from newer blockchains. Besides that, blockchains like Polygon or BNB have lower fees, so users can save money on transactions when shopping with us. That's something we're proud of. We help users make purchases effectively without worrying about high costs.
John from LetsExchange: Yes, and one of the recent coins introduced was aUSDT. Can you tell us more about aUSDT and how this integration differentiates the Uquid shopping experience from other stablecoins?
Lola: aUSDT is a game changer because it's a multi-chain stablecoin that can be easily used across different blockchains. It gives our users more flexibility as they can move their aUSDT between chains without worrying about liquidity or high transaction fees. Because it's pegged to the US dollar, users don't have to stress about market volatility, which can affect their purchasing power. aUSDT makes transactions stable, efficient, and quick, perfect for frequent or even smaller purchases on Uquid. What stands out with aUSDT is the low-cost and near-instant transfers, making the shopping process faster and more affordable for users.
John from LetsExchange: Can you please guide us on how and where we should start if we want to shop with crypto?
Lola: Sure. So, right now at Uquid, we have two shops: the Uquid shop and the 1USDT store backed by Tether. But if you want to start shopping with crypto, you can start with the Uquid shop. Right now, you can shop on the website or via our Uquid bot on Telegram. We have a very easy-to-use interface, and the process is easy. For beginners, we provide a step-by-step guide. So, even if it's your first time using crypto to shop, the experience is stress-free. Just click on Telegram, we have the username of our bot on our channel, or you can access our website. If you have any problems, you can contact our customer service team, and they will help you instantly.
John from LetsExchange: There are many things available right now at the Uquid shop. One of them is “Black Myth: Wukong,” one of the most popular games on Steam. It is available at quite a significant discount. Mobile top-up gift cards, payment cards, and game top-ups are also available. And over 85,000 monthly users so far. Congratulations to the Uquid team for a pretty successful launch! What are the benefits for a regular user? What's your perfect user able to do in the Uquid shop?
Lola: We have a lot of items at Uquid. Right now, we have digital items like game cards or Wukong, as you mentioned, which are really hot these days in the Uquid shop. We also sell physical items like clothes for your family or meme coins t-shirts. We have that with crypto or fiat as well. We also have the eSIM product, which is perfect for travelers, and is one of our hot items. One of our latest developments is that we can top up your social security payment in The Philippines. It will support Philippine citizens who pay for security and social security payments.
Hash Hero (crypto user from the audience): How does Uquid help users save money with the 1USDT store?
Lola: The 1USDT is backed by Tether. All the items there cost just about one USDT. Users can manage their finances when they shop there because everything costs just about one USDT or a little more. But you can find a lot of interesting things. 1USDT store can help users save their money and use it wisely.
Satoshi Sawan (crypto user from the audience): Can you explain the “Buy now, pay later” feature?
Lola: Sure. The “Buy now, pay later” feature, aka PayIn3, is one of the things that we're proud of, too. This feature enhances our users’ flexibility to purchase physical and digital goods. The PayIn3 feature is designed to make shopping more convenient and accessible to everyone.
Right now, we have more than 117 million items available at Uquid. We want our users to enjoy the freedom of purchasing without being limited by the upfront cost because there are some items for which you may not have the exact amount. So, maybe you cannot buy it, but you really want or need it now. So the “Buy now, pay later” feature allows you to split the payment into three installments, and you can use Bitcoin or UQC, our coin, as collateral. There is no credit check or interests, and the process is smooth and hassle-free, even for the newcomer.
John Wick (crypto user from the audience): Are you available in all regions of the world?
Lola: There are some regions where we are restricted, I mean, we don't work there. In some regions like the Middle East and some countries there, we don't work for the physical items because of the shipping. So, if you want to buy physical items from us, you need to check that.