Storiqa takes cryptoshopping venture to next level

Russian startup, Storiqa, is rolling out its blockchain-powered e-commerce marketplace to all users in test mode. An official launch is set for 28th September.

This follows on from the release of a Beta MVP and the announcement that the venture’s STQ token is currently listed on 12 exchanges, including HitBTC and Coinbene. Storiqa says the Beta MVP, released in May, was met with a positive response from the cryptocommunity. A group of 50,000 users tested the marketplace, with major traffic from Vietnam, Indonesia, US, Brazil and Nigeria.

“Official sales from external vendors will be organised by the end of 2018. Before that we decided to start platform testing with our own products to check smooth marketplace operations,” says Ruslan Tugushev, Storiqa’s CEO and Founder.

Storiqa has a community of 67,000 members that chose the merchandise design. Three t-shirts were produced in limited series, at the price of 19990 STQ. The marketplace focuses on quality craft goods produced by SMEs. “We chose this niche with the aim of supporting SMEs trading out of local markets. With our services they can concentrate on production. We help them with the sale of their products overseas,” says Tugushev.

“STQ has real products and services on the platform supporting the token itself; no other crypto has that. We want our token holders to know that STQ has a firm base and this bridge can bring e-commerce to a new level. No financial borders and extra fees for transactions.”

Nuggets

In May, Storiqa announced a global e-retail partnership with UK-based e-commerce payments and ID platform venture, Nuggets.

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 eachother perfectly, and we look forward to working together.”