The advent of the internet laid the foundation for eCommerce, but it currently utilises the centralised financial system for payments. With the proliferation in the use cases of crypto and DeFi, it won’t be wrong to expect that crypto projects will tap into eCommerce to create a new shopping model that benefits all stakeholders. For instance, blockchain can integrate eCommerce applications seamlessly with DeFi mechanisms that negate the high interest charged by legacy financial services. Doing this can also allow users to benefit from more personalisation since they can be actively involved in governance decisions that affect the quality of products and services available on the network. @Pay, a decentralised global platform creating payment solutions for shoppers, merchants, and marketplaces, aims to make such an eCommerce network. @Pay, Shop, Save and Get Rewards @Pay is a first-of-its-kind DeFi platform that integrates blockchain and smart contract technology with a Buy Now Pay Later mechanism. Through BNPL, @Pay users can make repayments in four tranches over three months without being charged interest or late fees. This will be applicable across online and in-store purchases of products from the platform’s list of onboarded merchants. When users complete their repayments within the stipulated time, they are eligible to receive @Pay governance tokens, the native token of the @Pay platform, programmed to perform...
