Blockchain

Storiqa: ‘Singapore a perfect base for global growth’

Blockchain powered e-commerce marketplace, Storiqa, has launched beta.storiqa.com, with an initial focus on the Asia-Pacific region and particularly Singapore.

The venture is offering the first batch of sellers a free three-month trial period along with marketing help. It currently has 20 brands listed on its marketplace and 170 goods. All product lines are priced with the STQ token, a measure of exchange on the platform. Later on down the line, shoppers will be able to pay for goods with fiat along with crypto.

“Currently we see Singapore as an initial trial market for us. It’s highly international and is a perfect base for further global growth. The launch will not only help breakdown existing obstacles but also gain experience for a world first case of shopping with cryptos. After a limited market test run, we will scale up the business model to other countries,” says CEO of Storiqa, Andrian Galkin.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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