In today’s e-commerce world, going global is a necessity. To reach even more global customers, Superbuy, a shopping agent for over 20 well-known Chinese e-commerce businesses, started accepting crypto through TripleA.
Superbuy helps overseas Chinese and non-English speaking customers shop more conveniently through its one-stop Internet-based e-commerce marketplace. It takes care of the entire shopping experience from purchasing products, checking for defects, shipping, and refunding defective products. Started in 2012, Superbuy has served millions of overseas Chinese worldwide and shipped over 10 million parcels to over 150 countries worldwide.
Global e-commerce sales have surged by 25.7% in 2020 and are expected to reach US$4.9 trillion in 2021. Borderless e-commerce is becoming a profitable option for online retailers, with China’s e-commerce market forecasted to hit US$2,779.31 billion and US$843.15 billion in the United States.
“The majority of our customers are in the United States. Seeing major companies like Paypal and Xbox accepting crypto, I believe that accepting crypto will speed up our effort in increasing our global footprint. Furthermore, no major e-commerce marketplace has started accepting crypto, so we want to be the first to make a breakthrough,” said Haixing Gong, Founder of Superbuy.
Because of the COVID-19 pandemic, retail stores are shutting down due to poor sales. The lockdown restrictions have inevitably made it difficult for businesses to continue paying their rentals. Experts highlighted that the pandemic has accelerated the shift to online shopping by as much as five years.
“Having Superbuy onboard shows that accepting cryptocurrency is the next to do in the e-commerce space. With more e-commerce businesses accepting crypto, the payments ecosystem will be transformed based on people’s payment preferences. For Superbuy, it’s gaining a first-mover advantage to be the first e-commerce marketplace to accept cryptocurrency,” said Eric Barbier, CEO of TripleA.
With over 300 million crypto users worldwide, the demand for crypto payments will get higher. It’s evidence that cryptocurrency is going mainstream as a payment method in the e-commerce space. Therefore, e-commerce businesses have to be ready to accept crypto payments.
TripleA allows online and offline businesses to accept cryptocurrency payments with zero price volatility risk by converting them to local currencies in real-time. With its easy setup, highly competitive exchange rate, and no-chargeback payment system, TripleA helps businesses increase their revenue by accessing the growing cryptocurrency users (300m+) community from all over the world.
Superbuy is an Internet-based platform where global users can enjoy easy access to one-stop services ranging from purchasing, order fulfillment, quality inspection, international shipping (through third-party couriers) to after-sales. Superbuy (Original dotdotbuy.com) was founded in 2012 by Mr. Haixing Gong, one of the co-founders of Tencent Holding Ltd (0700.HK).